On 12 July, the Central Bank of Ireland (Central Bank) published a series of findings and Dear CEO letters on compliance with the Market Abuse Regulation (MAR).
Corporate & M&AThe European Union (Anti-Money Laundering: Beneficial Ownership of Trusts) Regulations 2021 came into operation on 24 April 2021.
Financial RegulationVincent Power analyses the European Commission Sigma-Aldrich case when a fine was imposed for providing misleading information to the Commission.
EU, Competition & ProcurementThe Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Bill 2021 (the Bill) will affect credit servicing firms, hire-purchase and consumer-hire businesses and other indirect credit providers.
FinanceThe Court of Justice of the European Union (CJEU) has confirmed the limited competence of a national supervisory authority, that is not the lead supervisory authority (LSA), to bring legal proceedings in their national courts for alleged infringements of the GDPR.
Commercial & TechnologyThe Data Protection Commission (DPC) has published guidelines addressing the issue of what information employers can process in relation to their employees' return to the workplace.
Commercial & TechnologyOn 10 July 2021, the G20 endorsed that broad framework for Pillars 1 and 2 and the ambitious timetable for bringing the new rules into force in 2023.
TaxThe Irish government has moved swiftly to plug a perceived gap in protection under Irish data protection law that had raised doubts about whether Irish law was fit for purpose as a governing law under EU approved standard contractual clauses (SCCs).
Commercial & TechnologyA&L Goodbody's Dr Vincent Power was recently invited to write for the Maastricht Journal of European and Comparative Law on the important EU shipping law case of LG and others v. Rina SpA, Ente Registro Italiano Navale (Case C-641/18 before the Court of Justice of the European Union).
BrexitPresident Donald J Trump brought the US Presidential Executive Order to international prominence. He signed 220 of them. A tiny figure compared to the three-term Depression and Wartime President Franklin D Roosevelt. The concept of the Order goes back to George Washington who signed eight of them.
EU, Competition & ProcurementDomestically, the CBI published its Q1 2021 statistics for Irish resident insurance corporations; At European level, EIOPA issued updated documentation regarding risk-free interest rate term structures
Insurance & ReinsuranceDomestically, the CBI has published updated AIFMD and UCITS Q&As; At European level,ESMA recently issued a number of iterations of its list of AIFMD Memorandums of Understanding
Asset Management & Investment Funds
