On 3 September 2021, the Government published the long-anticipated Companies (Corporate Enforcement Authority) Bill.
White Collar CrimeNorthern Ireland's liquor licensing legislation has undergone significant reform with the Licensing and Registration of Clubs (Amendment) Bill 2021 receiving Royal Assent on 26 August 2021.
Betting, Gaming & Liquor Licensing BelfastDomestically, the CBI issued details of its deadlines for investment funds seeking authorisation/ approval prior to year-end; At European level, the European Commission adopted and published two 'quick-fix' proposals to amend the PRIIPs Regulation and to amend the UCITS Directive.
Asset Management & Investment FundsDomestically, the Central Bank of Ireland publishes Regulatory Service Standards Performance Report; At European level, the Legislation forming part of the European Commission's work on sustainable finance published in the Official Journal of the European Union.
Financial RegulationDomestically, the CBI issued a Feedback Statement on the consultation on enhancements to the CBI Client Asset Requirements; At European level, the EBA published its review on the prudential assessment of qualifying holdings, updated the mapping between the ITS on Pillar 3 disclosures and the ITS on supervisory reporting.
Asset Management & Investment FundsDomestically, the Governor of the CBI, Gabriel Makhlouf gave an interview discussing economic recovery after the COVID pandemic; At European level, the EBA is holding a consultation on the new Guidelines on AML/CFT Compliance Officers and published its AML/CFT Newsletter.
FinanceDomestically, the CBI announced the appointment of a new Director of Consumer Protection; At European level, the EBA published the outcome for banks that participated in the 2021 EBA EU-wide stress test and published amended technical standards on resolution planning reporting.
FinanceMany of State’s biggest employers to demand staff attend office at least some of the time
EmploymentUCITS/AIFMD integration of sustainability, UCITS KIID/PRIIPs KID, sustainability disclosures delay, SFDR Q&A, LIBOR, MMFR, EU Taxonomy "beyond green", EU Social Taxonomy, AML/ CTF: compliance officer/ governance consultation
Asset Management & Investment FundsLegislative measures requiring integration of sustainability factors and sustainability risks into UCITS and AIFMD regimes will apply from 1 August 2022.
Asset Management & Investment FundsCrypto-assets, CBI deadlines, CBDF, MMFs, Markets Updates, Beneficial Ownership
Asset Management & Investment FundsAs detailed in our alert in June 'greenwashing' is receiving increasing government scrutiny. The act of 'greenwashing' occurs whereby businesses make false or misleading claims regarding the environmental soundness of their product or service in an attempt to capitalise on the growing demand for environmentally sound products.
ESG & Sustainability