Sep 2019

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The UK Information Commissioner’s Office (ICO) has amended its guidance on the time limit for responding to a subject access request (SAR).

Sep 2019

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In N v Royal Bank of Scotland, the English High Court held that a bank was not in breach of contract for closing a customer's account without notice in circumstances where there was a suspicion of money laundering. The bank had acted in accordance with express contractual provisions which allowed it to terminate the banking relationship without notice "in exceptional circumstances".

Sep 2019

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In Promontoria (Aran) Ltd v Sheehy [2019] IEHC 613, the High Court ordered discovery of documents revealing the price paid by the plaintiff to Ulster Bank for loans allegedly made to the defendant. The court found that in circumstances where the plaintiff had invoked the equitable doctrines of restitution and unjust enrichment, it was not possible to find at an interlocutory stage that the....

Sep 2019

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Are Irish Funds required to appoint audit committees?

Sep 2019

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ESMA liquidity stress testing guidance, EU equivalence, cross-border fund distribution, AML/CTF

Sep 2019

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Brexit update deadline, liquidity management expectations, CP86 review, UCITS and AIFM Regulations, Central Register of Beneficial Ownership GDPR breaches, National AML/CTF Risk Assessment, Market Abuse, Prospectus Regulation

Sep 2019

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A European Directive and Regulation on the cross-border distribution of funds (CBDF) came into force on 1 August 2019.

Aug 2019

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In spring 2019, AWG announced that it had contracted with technology solutions company Fexco to build, support and operate the the Global Aircraft Trading System (GATS) platform.

Aug 2019

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The EU Directive on Package Travel and Linked Travel Arrangements (Directive 2015/2302) was transposed into Irish law by the European Union (Package Travel and Linked Travel Arrangements) Regulations 2019 (S.I. 80/2019) (the Irish Package Travel Regulations)

Aug 2019

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As we communicated in our article last month, the new EU Prospectus Regulation (the Regulation) has applied in full across the EU since 21 July 2019. At a domestic level, the European Union (Prospectus) Regulations 2019 (S.I. No. 380/2019) came into force on 21 July 2019 (the 2019 Regulations).