Drawing the line: Advocate General’s Opinion tests the boundaries of regulated payment services under PSD 2

Apr 2026

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On 26 February 2026, Advocate General Campos Sánchez-Bordona issued a non-binding Opinion in Betaal Garant Nederland (Case C‑51/25) that may prompt national authorities to revisit how payment services are defined under PSD 2.

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Asset Management & Investment Funds: EU & International Developments – April 2026

Apr 2026

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ESG ratings RTS, AMLA RTS, MiFID II order execution policies, EMIR 3 AAR, MAR RTS, ESMA CRA Regulation consultation.

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Asset Management & Investment Funds: Irish Practice Developments – April 2026

Apr 2026

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Deadlines, CBI FMC board effectiveness (D&I) review, CBI administrator and depositary outsourcing risk review, CBI financial stability assessments (hedge funds & LMTs), MiFID client assets, F&P, CBI markets update.

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Late filers beware! The CRO has signalled its intent to ramp up its enforcement actions

Apr 2026

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The Companies Registration Office (the CRO) has made clear its intention to commence further enforcement actions later in 2026.

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Central Bank of Ireland board effectiveness review through D&I lens

Apr 2026

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On 21 April 2026, the Central Bank of Ireland published its feedback report on its thematic review of board effectiveness through the lens of diversity and inclusion in the fund management company sector.

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PSD 3/PSR: Final compromise texts published

Apr 2026

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On 23 April 2026, the Council of the EU published final compromise texts of the legislative proposals for a Third Payment Services Directive (PSD 3) and Payment Services Regulation (PSR).

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Financial Services Regulation and Compliance - Cross Sectoral and Other March 2026

Apr 2026

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Domestically, the CBI published a discussion paper on DLT and tokenisation and the revised Consumer Protection Code entered into force. At European level, AMLA published final draft RTS on risk assessment and selection for direct supervision.

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Financial Services Regulation and Compliance - Investment Firms March 2026

Apr 2026

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Domestically, two sets of Irish MiFID Regulations were published. At European level, ESMA published a report on the retail investor journey.

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Financial Services Regulation and Compliance - Insurance March 2026

Apr 2026

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Domestically, the CBI published its first quarterly insurance newsletter of 2026. At European level, EIOPA published a White Paper with EUSPA on the use of satellite data to improve risk management of extreme weather events.

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Financial Services Regulation and Compliance - Funds March 2026

Apr 2026

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Domestically, the CBI published a discussion paper on DLT and tokenisation in financial services. At European level, ESMA published the 2025 report on costs and performance of EU retail products.

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