May 2020

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Domestically, theCBI has issued communications to regulated financial services providers introducing prudential flexibility measures; At European level, ESMA has issued a public statement to promote coordinated action by NCAs regarding benchmarks external audit requirements; issued a no action letter on the new ESG disclosure requirements under the Benchmarks Regulation.

May 2020

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Domestically, the CBI has issued communications to regulated financial services providers introducing prudential flexibility measures. It has also launched a COVID-19 Information Hub; At European level, the European Commission, the ECB, and EBA have adopted a range of measures in response to COVID-19.

May 2020

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An advocate for the Court of Justice of the European Union (CJEU) has released an opinion calling into question the extension of planning permission granted for the proposed Shannon Liquified Natural Gas (LNG) Terminal project (Permission). This was in response to a reference sent by the Irish High Court.

May 2020

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The European Securities and Markets Authority (ESMA) has published guidelines on performance fees in UCITS and certain types of AIFs which aim to harmonise EU supervisory practices.  

May 2020

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The High Court has made a referral to the Court of Justice of the European Union (CJEU) on whether it is obliged to rule on the legality of a decision to grant planning permission, in circumstances where all parties have consented to have the proceedings struck out.

May 2020

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ESMA guidelines on performance fees, ESG, ESMA & COVID-19, ESMA on performance and costs of retail investment products in the EU, ESMA consultation processes, AML / CTF.

May 2020

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CBI COVID-19 hub, CBI COVID-19 letter to industry, CBI COVID-19 measures, CBI Markets Updates, FATCA.

May 2020

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Q&A of the month. How should Regulated Financial Service Providers manage Pre-approval Controlled Function (PCF) vacancies in the context of the challenges presented by the COVID-19?

May 2020

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Financial services providers have been very active in maintaining essential services, managing their own duties as employers and managing operational and compliance risk in the COVID-19 environment. 

May 2020

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It is lawful to lobby in Ireland. However, certain lobbying exercises must be disclosed in the lobbying register on www.lobbying.ie within certain statutory timelines otherwise businesses could be penalised or prosecuted.