Legal Updates & Insights: P480 -A&L Goodbody LLP

Legal Updates & Insights

  • publication

    Second consultation paper on €30 billion threshold

    The European Banking Authority has issued a second consultation paper on draft regulatory technical standards on the calculation of the €30bn consolidated assets threshold for investment firms under the Investment Firms Directive and Investment Firms Regulation.

    Financial Regulation
  • Article

    The lifecycle of big tech EU competition cases

    The European Commission has a growing list of tech-related competition cases. What are they about? What happens in these cases? What are the outcomes? A&L Goodbody's Dr Vincent Power unpacks the "who, what, when, why and how" of EU tech cases generally.  

    EU, Competition & Procurement
  • Article

    “Are we there yet?” Ireland’s Investment Screening/Foreign Directive Investment Bill

    The Irish Government has announced that the Irish parliament (the Oireachtas) will enact legislation to enable the Irish Government to screen 'foreign' direct investment (FDI) in Ireland. In this context, the term 'foreign' refers to investment from non-EU Member States.

    EU, Competition & Procurement
  • article

    New remuneration rules for banks and investment firms

    New regulatory technical standards (RTS) on remuneration are now in place under the Capital Requirements Directive from 14 June 2021, while certain investment firms will remain subject to the previous remuneration rules until 26 June 2021. In this article, our remuneration specialists take a look at the key provisions.

    Financial Regulation
  • article

    G7 Finance Ministers reach consensus on Pillar 1 and Pillar 2 proposals

    On Saturday 5 June 2021 the G7 finance ministers reached political consensus on proposals for a global minimum corporation tax of at least 15% to be determined on a country by country basis.

    Tax
  • Graduate visa – International talent may be closer than you think
    publication

    Graduate visa – International talent may be closer than you think

    In a boost for employers, the government has confirmed a new Graduate visa route will launch on 1 July 2021, giving greater access to nearly 500,000 international students currently living and studying in the UK.

    COVID-19 Belfast
  • Article

    Financial Services Regulation and Compliance - Insurance May 2021

    Domestically, the CBI published the results of its "Understanding the Future of Insurance" survey; At European level, the ESA's Joint Board of Appeal dismissed the appeal brought by Societatea de Asigurare-

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Funds May 2021

    Domestically, Irish authorised UCITS managers are required to conduct a specific review of their practices, documentation, systems and controls by 31 December 2021; At European level, ESMA published the final report on its guidelines under the Regulation on cross-border distribution of funds.

    Asset Management & Investment Funds
  • Article

    Financial Services Regulation and Compliance - General Cross Sectoral May 2021

    Domestically, climate change is a key focus of the CBI; At European level, the ECB published their May Supervision Newsletter.

    Financial Regulation
  • Article

    Financial Services Regulation and Compliance - Investment Firms May 2021

    Domestically, the CBI issued a Dear CEO letter to algorithmic trading firms; At European level, crowdfunding service providers that are subject to the new Crowdfunding Regulation are exempt from MiFID II. The EBA updated phase 1 of its 3.1 reporting framework.

    Asset Management & Investment Funds
  • Article

    Financial Services Regulation and Compliance - Banking May 2021

    Domestically, the CBI updated forms for payment institutions and Gráinne McEvoy, the CBI's Director of Consumer Protection, spoke to the Joint Oireachtas Committee on Finance, Public Expenditure and Reform on existing consumer protection in Ireland and the Consumer Credit (Amendment) Bill 2018; At European level, the EBA published a climate risk assessment for banks

    Finance
  • article

    The EU Commission sets out its immediate tax policy agenda

    The European Commission's "Communication on Business Taxation for the 21st Century", published on 18 May 2021, sets out a number of tax proposals it aims to have implemented in the immediate future.

    Tax