Financial Services Regulation and Compliance - Funds Feb 2022

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In domestic news, the CBI published its Securities Markets Risk Outlook Report 2022. At a European level; ESMA issued its proposed reforms to the money market fund framework and published its implementation timeline for sustainability provisions in UCITS and AIFMD, its fourth annual statistical report on the alternative investment fund sector, as well as data on the exposures of AIFs subject to it

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Financial Services Regulation and Compliance - Insurance Feb 2022

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In domestic news, the CBI issued its final guidance on the use of service companies in the insurance sector and the CCPC published its report on private motor insurance investigation. At a European level; EIOPA publishes monthly technical information, its 2022 Supervisory Convergence Plan, its decision on peer reviews and its revised single programming document 2022-2024.

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Financial Services Regulation and Compliance - General Cross Sectoral Feb 2022

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In domestic news, the Ireland for Finance Action Plan 2022, Protected Disclosures (Amendment) Bill 2022 and the Competition (Amendment) Bill 2022 were published this month. At a European level; the European Commission presents the EU Taxonomy Complementary Climate Delegated Act, the ESAs recommended actions to ensure the EU’s regulatory and supervisory framework remains fit-for-purpose

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Financial Services Regulation and Compliance - Investment Firms Feb 2022

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In domestic news, amendments to the general reporting requirements for investment firms have come into effect. At a European level; ESMA has published a supervisory briefing on the use of tied agents under MiFID II, as well as its final reports on CCP recovery regime, and the EBA published its opinion on the European Commission's amendments to the final RTS RTS for own funds requirements

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Financial Services Regulation and Compliance - Banking Feb 2022

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In domestic news, new AML regulations have entered into force, and the CBI has informed banks that improvements to their customer support phone lines are required. At a European level; the ECB has announced it will not extend capital and leverage relief for banks the EBA has published its annual assessment of internal approaches for the calculation of capital requirements and further published the

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