On 6 October 2021, the European Commission (Commission) invited Member State and all interested parties to comment on further amendments to the General Block Exemption Regulation (GBER) regarding aid measures for the green and digital transition.
EU, Competition & ProcurementThe Council presidency and the European Parliament recently reached a provisional agreement on the Digital Operational Resilience Act (DORA).
Financial RegulationGender pay gap reporting requirements for employers with 250 or more employees will commence in December 2022.
ESG & SustainabilityThe Irish Branch of the Chartered Institute of Arbitrators (CIArb) published new rules1 last year intended to comply with the applicable legislation in both the Republic of Ireland under the Arbitration Act 2010 and Northern Ireland under the Arbitration Act 1996 (the New CIArb Rules).
DisputesIn the recent case of Kennedy & Others v Ward, a group of family members entered into an agreement (the Binding Heads of Terms (BHOT)) as mediated settlement of a dispute.
Corporate & M&AProgress towards the reform of Irish gambling law continues with the publication this week of the pre-legislative scrutiny report of the General Scheme of the Gambling Regulation Bill by the parliamentary Joint Committee on Justice.
Betting, Gaming & LicensingAs an island with extensive renewable electricity generation resources, Ireland should be favourably positioned to take advantage of the significant opportunities offered by green hydrogen production, storage and usage in the decarbonisation of Ireland's energy system.
Energy & Natural ResourcesAs highlighted in our previous publication, crowdfunding has gathered pace in recent years as an attractive alternative to traditional forms of finance typically offered by banks.
Financial Regulation2021 net exchequer receipts came to €67.5bn, an increase of 20% (€11.3bn) from 2020. This increase in receipts was primarily driven by increases in income tax and corporation tax receipts.
TaxThe Central Bank of Ireland (CBI) issued a Notice of Intention on UCITS Side-Pocket Arrangements.
Asset Management & Investment FundsOn 27 April, Irish Revenue published an update to its tax and duty manual covering the taxation of crypto-asset transactions. This was the first update to this manual in two years.
TaxIn domestic news, the CBI updated the list of PCF roles under the CBI's Fitness & Probity Regime and issued an update on the collection of beneficial owner PPS numbers. At European level, ESMA published its fourth annual statistical report on the cost and performance of EU retail investment products and carried out a supervisory engagement which focused on funds liquidity stress testing
Asset Management & Investment Funds
