Jul 2019

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In recent weeks you will have seen the high-profile press coverage of the Information Commissioner’s Office (ICO) announcement of its first potential fines under the GDPR enforcement regime. British Airways (BA) and Marriott International Inc. have been notified by the ICO that it intends to fine them £183.39m and £99.2m respectively. The scale of these fines has put down a clear marker for data

Jul 2019

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ESMA issued a consultation on guidelines for performance fees in UCITS on 16 July 2019. The date for responses to the consultation is 31 October 2019...

Jul 2019

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Cross-border fund distribution improvements from August 2021 The following Capital Markets Union proposals on the cross-border distribution of funds (CBDF) were published in the Official Journal of the EU. They will come into force on 1 August 2019. Directive (EU) 2019/1160  (the Directive) amending the UCITS Directive and the AIFMD with regard to the cross-border distribution of collective i...

Jul 2019

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Updated Central Bank Guidance on the use of financial indices by UCITS The Central Bank of Ireland (Central Bank) issued updated guidance on the use of financial indices by UCITS on 23 July 2019. The certification process initially introduced by the Central Bank in October 2018 guidance was welcome. That guidance has been further updated to clarify the circumstances where an index certificatio...

Jul 2019

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What do UCITS/ ManCos need to do following the Central Bank's letter on its thematic review of closet indexing?

Jul 2019

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This week the Court of Appeal weighed in on the crucial question of precisely where an employee can legally seek to challenge the redundancy of their role. The

Jul 2019

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A new prospectus regime applies across the EU since 21 July 2019. The Prospectus Regulation (the Regulation) was drafted by the European Commission with the intention of making it simpler and more cost-effective for businesses to raise funds publicly and to encourage smaller firms in particular to list on equity and debt markets.

Jul 2019

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Strategic Housing Development case-law update – failure to upload bat survey leads to permission being set aside This decision is of particular relevance to developers involved in Strategic Housing Development (SHD) applications and highlights the need to ensure full compliance with the procedural and legal requirements of the associated legislation. In Southwood Park Residents Association v An Bo

Jul 2019

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The Government has introduced legislation to regulate the short term letting sector. It passed the Residential Tenancies (Amendment) Act 2019 and supplementary regulations entitled the Planning and Development Act 2000 (Exempted Development) (No. 2) Regulations 2019, which came into effect on 1 July 2019. Purpose of the legislative reform The Government's view was that the unregulated short-t...

Jul 2019

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In 2014 Ireland took the lead in whistle-blower protection with the introduction of its Protected Disclosures Act 2014 (the Act). The Act not only consolidated Ireland's previous piecemeal legislative approach it actively promoted a cultural shift towards encouraging employee whistle-blowers by offering significant protections.