Jan 2019

publication

On 24 January 2019 the Financial Services and Pensions Ombudsman (FSPO) published 228 legally binding decisions from 2018. The FSPO indicated that the aim in publishing the decisions was to enhance transparency and understanding of the powers and services of the FSPO. The powers of the FSPO are extensive – it can award compensation of up to €500,000 and it can also  direct a regulated...

Jan 2019

article

With 59 days to go until B-Day, it is still not clear what will happen.  Among the several plates which are spinning are: The UK's House of Commons is still voting on what the UK should do next.  There is expected to be another "meaningful vote" over the next few weeks on whether to accept the draft withdrawal agreement but in the interim, parliament is considering a series of procedural votes...

Jan 2019

article

The 2018 UK Corporate Governance Code (the New Code) replaces the version of the Code issued by the UK's Financial reporting Council (FRC) in April 2016.  The New Code applies to financial years beginning on or after 1 January 2019. Consequently, companies that are subject to the New Code must take the necessary steps to ensure that their policies and procedures are updated this year, in order...

Jan 2019

article

Deadlines, UK TPR, MMFs, CBI AML/CTF Guidelines, the General Scheme of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2019, Brexit, AEOI reporting.

Jan 2019

article

EU “no-deal” Contingency Action Plan, EU report on the operation of the AIFMD, new Investment Firms regulatory framework, ESMA report on retail investment products, AML/ CTF.

Jan 2019

article

Will the Brexit deadline of 29 March impact any of the Central Bank filing deadlines?

Jan 2019

article

With the introduction of GDPR and the Data Protection Act 2018, individuals are more alive to their data and privacy rights. An increase in awareness and the exercise of those rights has resulted in data related disputes becoming more common between businesses and individuals.

Jan 2019

article

After enduring a rocky road through the legislative process, the Employment (Miscellaneous Provisions) Act 2018 was signed into law by the President on Christmas Day 2018 and is scheduled to commence in the first week of March 2019.

Jan 2019

article

The impact of Brexit will be keenly felt in Ireland regarding the provision of services generally (including financial services).

Jan 2019

article

The General Scheme (the Scheme) of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2019 (the Bill) has been published by the Department of Justice. The full text of the Scheme is available here.  The Scheme is quite high level and sets out the heads of the Bill which will give effect to many of the provisions of the Fifth EU Money Laundering Directive...