Parliament prunes Deforestation Regulation

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The EU’s Regulation on deforestation-free products (the Regulation, (EU) 2023/1115​) was on course to apply across the EU from 30 December 2024, and from 30 June 2025 for micro and small entities.

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Financial Services Regulation and Compliance - Investment Firms October 2024

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Domestically, the CBI issued a ‘Dear CEO’ Letter presenting the findings of its thematic review of investment firms' application of the marketing communications disclosure requirements as set out in MiFID II. At European level, ESMA updated its guidance on the transitional arrangements under the MiFID II/MiFIR Review.

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Financial Services Regulation and Compliance - Insurance October 2024

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Domestically, the CBI published reports on the flood protection gap and private motor insurance and an updated authorisation checklist for (re)insurance undertakings. At European level, EOIPA consults on criteria for selecting insurers to run macroprudential analyses and technical standards after Solvency II review.

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Financial Services Regulation and Compliance - Funds October 2024

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Domestically, the CBI Deputy Governor Derville Rowland delivered a speech on the evolution of exchange traded funds. At European level, ESMA published its 2025 work programme and ESMA, the European Commission and the ECB issued a joint statement on the next steps in the transition to T + 1.

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New Companies Act awaiting commencement

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The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (the Act) was signed into law by the President on 12 November 2024. It must be commenced by the Minister for Enterprise, Trade and Employment (the Minister) by way of one or more commencement orders.

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