The New Competition Tool initiative (if ultimately adopted) is one of a number of measures aimed at making competition policy and competition rules in the EU fit for the modern economy.
EU, Competition & Procurement
In yet another major policy development, the Chancellor, Rishi Sunak, has announced today that the Coronavirus Job Retention Scheme ("CJRS") will now be extended for all parts of the UK until the end of March 2021 in an effort to give businesses and employees certainty over the winter months.
COVID-19 BelfastThe phrase "State aid" is used regularly in business. However, the phrase has a technical meaning in European Union law.
EU, Competition & ProcurementClimate change is rapidly degrading habitats and shrinking wildlife. In addition, it has the potential to create very significant economic harm. The European Commission (Commission) has recognised this and the "Green Deal" aims to make Europe the first climate-neutral continent by 2050.
EU, Competition & ProcurementAIFMD consultation, Benchmarks and LIBOR, ESMA work programme, ESG, MMFs, MiFID II third-country regime, Market Abuse.
Asset Management & Investment FundsDeadlines, CP86, F&P, liquidity, CBI speeches, CBI markets updates/ research, AML, CBI levies.
Asset Management & Investment FundsQ&A of the month. What are the implications for investment funds marketed in the UK in light of the Financial Conduct Authority's temporary permissions regime?
Asset Management & Investment FundsWhat is the ECN+ Directive? It is Directive (EU) 2019/1. It was signed into law on 11 December 2018 and was published in the Official Journal of the European Union on 14 January 2019.
EU, Competition & ProcurementOn 4 September 2020, the High Court dismissed procurement proceedings brought against Kildare County Council's (KCC) relating to its decision to eliminate a bidder from a tender competition for failure to submit a quality submission and proposing abnormally high and low rates.
EU, Competition & Procurement
A look at the options available to Irish aircraft leasing companies facing distress as a result of COVID-19 and examine the legal and tax implications of formal and informal debt restructuring processes.
Aviation & Transport FinanceThe Bulletin sets out the outcomes from a recent series of inspections and outlines the Central Bank's current regulatory expectations in relation to transaction monitoring. The key aspects of the Central Bank's observations in this regard are discussed below. Notable outcomes from inspections Interconnectivity of requirements The Central Bank's Anti-Money Laundering Division identified fail
Financial RegulationA number of new additions to the Central Bank's list of pre-approval controlled functions will require action from affected financial services providers before 16 November 2020.
Financial Regulation
