Whilst online shoppers and horticultural enthusiasts were welcoming the news of an agreement between the UK and EU on the Northern Ireland Protocol – competition lawyers and business leaders have been picking through finer details of the multitude of joint declarations that have since been released.
BrexitSFDR, UCITS Q&A, ESMA TRV, sustainability reporting, MMFs, fund statistics, AML/CFT/FS.
Asset Management & Investment FundsSFDR, CBI priorities, limited partnerships, markets updates, AML/CFT/FS.
Asset Management & Investment FundsOn the 21 December 2022, the revised text of General Product Safety Regulation (GPSR) was made public. This revised text is set to replace the General Product Safety Directive 2001/95 (GPSD).
DisputesAs previously highlighted, the Central Bank (Individual Accountability Framework) Bill 2022 (IAF Bill) recently passed second stage before the Seanad. The IAF Bill progressed to committee stage before the Seanad last week, where a number of proposed amendments were tabled for consideration. We set out below the amendments considered together with key issues raised upon debate, and next steps.
Financial RegulationIn her recent speech, "Digital finance and payments: where are we headed", Commissioner McGuinness gives a clear direction of travel on the European Commission's (Commission) approach to this sector.
Financial RegulationThis standard details the information entities are required to consider when preparing and presenting their sustainability reporting to comply with the obligations introduced by the Corporate Sustainability Reporting Directive.
ESG & SustainabilityWe look at Ireland's journey towards implementation of the Collective Redress Directive and where matters stand at this point in time in 2023.
DisputesAs previously highlighted, the Central Bank (Individual Accountability Framework) Bill 2022 (IAF Bill) passed the report and final stage before the Dáil last week, where four typographical amendments were agreed. The IAF Bill progressed to second stage before the Seanad this week, and we set out below the key issues raised upon debate.
ESG & SustainabilityOn 3 February 2023, EIOPA published a Supervisory Statement on the use of governance arrangements in third countries to perform functions or activities (the Statement). The adoption of the Statement follows a public consultation by EIOPA which took place in 2022.
Insurance & ReinsuranceDomestically, the CBI published Guidance for (Re)insurance Undertakings on Intragroup Transactions and Exposures. At European level, EIOPA published its Costs and Past Performance Report.
Financial RegulationDomestically, the CBI has updated its guidance on the beneficial ownership register of CFVs. At European level, the ESMA has published draft RTSs/ITS for cross-border marketing and management of investment funds.
Asset Management & Investment Funds
