Domestically, the CBI issued market updates Issue number 14 and 15 of 2021; At European level, ESMA published its common enforcement priorities for 2021 annual financial reports.
Asset Management & Investment FundsDomestically, the CBI announced Glenn Calverley as Director appointment in Strategy and Governance; At European level, the ECB reported that card fraud declined in 2019, the EBA reaffirmed its commitment to support green finance in view of the UN Climate Change Conference.
Financial RegulationDomestically, the CBI published the Private Motor Insurance Report of the National Claims Information Database; At European level, EIOPA committed to support the insurance and pensions sectors’ efforts to tackle climate change.
Asset Management & Investment FundsDomestically, in a "Dear CEO" letter the CBI set out supervisory expectations of regulated firms regarding climate change: At European level, President von der Leyen spoke at the UN Climate Change Conference, the European Commission announced a new pledge of €100m in finance for the Adaptation Fund and also adopted three work programmes for the Digital Europe Programme.
Financial RegulationDomestically, the CBI fast-tracked the EU taxonomy filing deadline; At European level, proposals for revisions to AIFMD will now proceed through the EU legislative process and the European Parliament adopted texts amending the PRIIPs Regulation and the UCITS Directive.
Asset Management & Investment FundsAs of today, COVID-19 passports are legally enforceable in Northern Ireland. The scheme was introduced last month with a two-week grace period to allow businesses to start implementing the measures without enforcement. However, going forward, businesses that fail to comply could face fines of up to £10,000.
COVID-19 BelfastOn both sides of the Atlantic, there has been a significant number of recent court rulings, investigations and hearings to review the way Big Tech operates and to address antitrust, as well as wider data issues.
EU, Competition & ProcurementOn 2 December 2021, the Council of the European Union adopted its fifth sanctions package targeting individuals and entities in Belarus in response to human rights abuses and the orchestration of a migrant crisis at the Belarusian border with the EU.
White Collar CrimeIn December 2020, the UK Cabinet Office set out wide ranging proposals for the post Brexit future of public procurement legislation in England with the publication of a Green Paper, 'Transforming Public Procurement'.
Public Procurement BelfastThis article provides a snap shot of what has happened since the agreement reached on 8 October 2021 by 136 jurisdictions of the OECD/G20 Inclusive Framework.
TaxWith Ireland due to implement the EU Whistleblowing Directive very shortly, there is currently a lot of attention focussed on the area of whistleblowing and the protections afforded to whistleblowers under Irish law.
EmploymentOn 20 October 2021, the General Court of the European Union (General Court) handed down judgments in Cases T-296/18 and T-240/18 regarding actions brought by Polskie Linie Lotnicze ‘LOT’ SA, to challenge the European Commission's (Commission) decisions approving the acquisition by easyJet and Lufthansa of assets of the Air Berlin Group.
EU, Competition & Procurement
