In domestic news, the long-awaited Insurance (Miscellaneous Provisions) Bill 2022 passed Report and Final Stages in the Dáil on 2 June 2022 and President Michael D Higgins signed it into law as the Insurance (Miscellaneous Provisions) Act 2022 (the Act) on 27 June 2022.
Financial RegulationIn domestic news, on 29 June 2022, the CBI hosted the inaugural meeting of the Climate Risk and Sustainable Finance Forum. The forum is a consultative forum for building a shared approach to the understanding and management of the risks and opportunities posed by climate change to the financial system.
Financial RegulationIn domestic news, on 23 June 2022, the CBI published the final form of the third edition of the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2022 (the CAR 2022).
Asset Management & Investment FundsIn domestic news, on 29 June 2022, the CBI welcomed the statement from the Banking and Payments Federation Ireland (BPFI) following the CEO roundtable meeting. At the meeting, the retail banks set out the programme of work being undertaken by sector to manage the migration of personal and business bank accounts.
FinanceThis ALG Soundbite considers the recent case of Mascarenhas v Karim and Anor, where the Court of Appeal upheld a High Court finding of shareholder oppression under section 212 of the Companies Act 2014.
Corporate & M&AThe Council presidency and the European Parliament recently reached provisional agreements in respect of the markets in crypto-assets regulation (MiCA), and the regulation on information accompanying transfers of funds (FTR).
Financial RegulationThe Corporate Enforcement Authority has been established and the Companies (Corporate Enforcement Authority) Act 2021 (the Act) commenced by way of Ministerial orders, which were signed by the Tánaiste on 5 July and 6 July respectively.
Corporate & M&AThe new Corporate Enforcement Authority has been established by Ministerial Order and Ian Drennan has been appointed as Chief Executive of the Authority.
Corporate & M&AThe Irish Takeover Rules are being significantly amended for the first time since 2013. The Irish Takeover Panel has recently confirmed that the changes will come into effect on 22 July 2022.
Corporate & M&ALast week, the Tánaiste and Minister for Enterprise, Trade and Employment announced that he had received Cabinet approval to publish the Screening of Third Countries Investment Bill (the Bill).
KnowledgeThe European Banking Authority (EBA) published its final report containing guidelines on policies and procedures in relation to compliance management and the role and responsibilities of the anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers under 4AMLD.
Asset Management & Investment FundsPolitical agreement has been reached between the European Parliament and the Council on the European Commission's proposed Corporate Sustainability Reporting Directive (CSRD).
Corporate & M&A
