Domestically, the Housing Loan Requirements Regulations 2022 (S.I. No. 546 of 2022) were published and are due to commence on 1 January 2023. At European level, the EC has requested advice from the EBA regarding green loans and mortgages.
FinanceThe EU Whistleblowing Directive is currently being transposed into national laws across the European Union. In Ireland, the Protected Disclosures (Amendment) Act 2022 comes into force on 1 January 2023. It brings with it a number of crucially important changes to the existing Protected Disclosures Act 2014 (2014 Act).
EmploymentESMA consultation on fund names using ESG terms, greenwashing, SFDR Q&A, speeches, MMF Stress Tests, Liquidity stress testing, AML/CFT/ Sanctions.
Asset Management & Investment FundsDeadlines, Irish property funds, CP86, CP152, LDI funds, PRIIPs KID, beneficial ownership, sanctions, CBI markets updates.
Asset Management & Investment FundsThe Central Bank of Ireland issued timeframes for receipt of applications that are seeking a Christmas or year-end.
Asset Management & Investment FundsThe Online Safety and Media Regulation Bill 2022 was signed into law on Saturday, 10 December 2022.
Commercial & TechnologyAs previously highlighted, the Central Bank (Individual Accountability Framework) Bill 2022 (IAF Bill) was published in July of this year, and is continuing to progress through the legislative process. In the latest development, further to review by the Dáil Select Committee, an updated IAF Bill has now been published with some further amendments compared to the initial draft Bill.
ESG & SustainabilityThe powers of departmental officials in Northern Ireland have been extended in a limited way with the introduction of the Northern Ireland (Executive Formation etc.) Act 2022 on 6 December 2022.
BelfastBy a 4-3 majority, the Irish Supreme Court has ruled that the Irish government’s proposed approach to ratifying CETA is unconstitutional.
DisputesAgainst the backdrop of the European Green Deal and its anticipated mandate from the European Commission to assess whether a dedicated prudential treatment of assets and activities associated with environmental or social objectives under Solvency II could be warranted for insurance undertakings
ESG & SustainabilityFriday, 2 December 2022 marked the publication of the long awaited Gambling Regulation Bill 2022.
Betting, Gaming & LicensingIn a bid to boost the domestic digital games development sector and Ireland's share of the global digital games industry, the Minister for Finance, Paschal Donohoe T.D. and Minister for Tourism, Culture, Arts, Gaeltacht, Sports and Media, Catherine Martin T.D., recently formally launched the Digital Games Tax Credit.
Tax
