Jul 2022

Article

Taxonomy, pre-submissions for QIAIFs, outsourcing, MMFs, company law reform and the Corporate Enforcement Authority, screening of third country investments.

Jul 2022

publication

The Central Bank of Ireland set out its expectations for funds required to disclose under the EU Taxonomy Regulation (TR). This approach will apply until 1 January 2023, when the Sustainable Finance Disclosure Regulation (SFDR) Level 2 template disclosures come into force.

Jul 2022

publication

ESMA issued a supervisory briefing on Sustainability Risks and Disclosures in the area of Investment Management. This briefing contains valuable information for industry in navigating the evolving disclosure requirements.

Jul 2022

publication

In May, the European Parliament issued a draft report outlining a number of changes to the proposed Unshell Directive. In this publication, we examine these proposed changes.

Jul 2022

article

On 7 July a commencement order for the Insurance (Miscellaneous Provisions) Act 2022 (the Act) was signed by the Minister of Finance. First proposed in October 2021, the purpose of the Act is to address a number of insurance-related issues that have come to light since the Action Plan for Insurance Reform was published in December 2020.

Jul 2022

article

The European Commission has issued a "Recommendation on speeding up permit-granting procedures for renewable energy projects and facilitating Power Purchase Agreements" (the Recommendation).

Jul 2022

article

Exposure drafts of the International Sustainability Standards Board's (ISSB) IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures) are currently the subject of public consultation which closes on 29 July 2022.

Jul 2022

article

In the recent case of Mascarenhas v Karim and Anor, the Court of Appeal upheld a High Court finding of shareholder oppression under section 212 of the Companies Act 2014 against an individual who was neither a shareholder nor a director of the company.

Jul 2022

article

The TAC issued its determination recently in relation to an appeal concerning the entitlement of an Irish plc holding company to recover VAT incurred on certain transaction and ongoing costs.

Jul 2022

Article

In domestic news, the CBI is engaging with Irish Funds in respect of its current guidance on filings relating to taxonomy alignment disclosure.