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 & ProcurementThe 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 & ProcurementNew 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 RegulationOn 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
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 BelfastDomestically, 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 RegulationDomestically, 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 FundsDomestically, climate change is a key focus of the CBI; At European level, the ECB published their May Supervision Newsletter.
Financial RegulationDomestically, 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 FundsDomestically, 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
FinanceThe 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.
TaxCrowdfunding has gathered pace in recent years as an attractive alternative to traditional forms of finance typically offered by banks.
Financial Regulation
