Betting Duty Regulations update

Article

The Irish Revenue Commissioners have published the Betting Duty and Betting Intermediary Duty (Amendment) Regulations 2020 (the Regulations), offering relief to small independent bookmakers from the 2% betting duty levied on every bet entered into with persons in the State. The relief applies to bookmakers that hold an Irish bookmaker, remote bookmaker or remote betting intermediary's licence.

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€6.7m EU fine on Meliá Hotels for carving up markets

Article

On 21 February 2020, the European Commission imposed a fine of €6,678,000 on the Spanish hotel group Meliá for its contracts with four tour operators which discriminated between customers within the EU's internal market by reference to the customer's country of residence. Dr Vincent J G Power examines the case.

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Dear CEO letter on Securities Markets Conduct Risk

Article

The Central Bank issued a Dear CEO letter on Securities Markets Conduct Risk which addresses the findings from its wholesale market conduct supervisory work in 2019. The letter notes areas for improvements and sets out the Central Bank's expectations of firms in relation to managing market conduct risk and outlines the Central Bank's areas of focus for market conduct supervision in 2020. 

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