Domestically, the European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) (No.2) Regulations 2022 implement the UCITS delegated directive (EU) 2021/1270 on integrating sustainability risks & factors. At European level, the European Supervisory Authorities (ESAs) submitted some further queries to the EU Commission relating to the interpretation of the SFDR.
Asset Management & Investment FundsDomestically, the CBI published its Insurance Quarterly Newsletter on 16 September 2022. At European level, on 5 September 2022, EIOPA published monthly technical information on the relevant risk free interest rate term structures with reference to the end of July 2022.
Financial RegulationDomestically, on 12 September 2022, the CBI published the pre-Budget letter sent to the Minister for Finance by Governor Gabriel Makhlouf on 22 July 2022. At European level, on 16 September 2022, the ECB announced that it will collaborate with five companies to develop potential user interfaces for the digital euro.
Financial RegulationDomestically, on 8 September 2022, the CBI published a statistical release regarding special purpose entities. At European level, on 27 September 2022, the European Securities and Markets Authority (ESMA) published a statement reminding firms to consider inflation and inflation risk when applying relevant MiFID II requirements in the interest of investor protection.
Asset Management & Investment FundsDomestically, on 5 September 2022, the Department of Finance published the latest SME credit demand survey. At European level, on 30 September 2022, the European Banking Authority (EBA) published its first mandatory Basel III Monitoring Report that assesses the impact that Basel III full implementation will have on EU banks in 2028.
FinanceOn 27 July 2022, the European Union (Preventive Restructuring) Regulations 2022 (S.I. 380/2022) (the Regulations) amended the Irish Companies Act 2014 (the Act) by transposing certain requirements of Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 (the Directive) not already provided for in Irish law.
Restructuring & InsolvencyFollowing the publication of the General Scheme of the Representative Actions for the Protection of the Collective Interest of Consumers Bill 2022 (the Bill), two sessions of pre-legislative scrutiny (PLS) have taken place.
DisputesThe Irish Minister for Justice, Helen McEntee, has announced that Ireland is likely to introduce legislation removing the current restriction on third party funding of international arbitration in Ireland.
DisputesThere is certainly nothing “mini” about the anticipated changes to employment law announced in recent weeks.
BelfastOn 28 September 2022, the European Commission published two draft pieces of legislation, which if ultimately adopted, will significantly reshape the consumer products landscape.
DisputesIt's been a year like no other in respect of employment law changes in Ireland and anyone can be forgiven for losing track of where we have gotten to as we head towards the end of 2022.
EmploymentOn 4 October 2022, the European Union's Economic and Financial Affairs Council adopted formally the Digital Services Act (DSA). The DSA is known formally as the "Regulation on a Single Market for Digital Services and amending Directive 2000/31/EC" and is designed to create a safe digital space for both citizens and businesses.
Commercial & Technology
