Financial Services Regulation & Compliance - Investment Firms September 2018

Oct 2018

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On the domestic front key developments include the CBI's publication of reporting requirements for MiFID investment firms & the Investment Undertaking Electronic Account Filing Requirements Regulations 2018 have been published in the Irish Statute book and are now in force. On the European front ESMA have renewed restriction on contracts for differences (CFDs) for a further three months...

Financial Services Regulation & Compliance - Insurance September 2018

Oct 2018

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On the Domestic front the Minister for Justice and Equality signed a Commencement Order for Parts 1, 2 and 3 of the Civil Liability (Amendment) Act 2017, the CBI published the September edition of Insurance Quarterly and revised application form and guidance for Intermediaries was published by the CBI. On the European front, Delegated regulations on STS securitisations were

Financial Services Regulation & Compliance - Funds September 2018

Oct 2018

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Domestically, this month CBI announced increased flexibility in ETF share classes & retention of daily portfolio disclosure requirement & the CBI announced the deadlines for receipt of applications. Over in Europe, this month European Supervisory Authorities (ESA's) published a letter suggesting that legislative changes are needed to avoid a situation where retail investors would have to receive..

Financial Services Regulation & Compliance - Banking September 2018

Oct 2018

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On the domestic front the CBI published speeches in respect of legacy issues & lessons learned from the Banking Crisis & announced the countercyclical capital buffer rate. On the EU front public consultations were launched by the ECB on risk-type-specific chapters of its guide to internal models; published reports on funding plans & asset encumbrances

Multi party actions and litigation funding - back on the radar?

Oct 2018

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The Joint Committee on Justice and Equality's Report on the Multi-Party Actions Bill 2017 contains interesting conclusions. This Private Members' Bill was introduced by Sinn Féin last November to provide for group litigation or class actions, allowing multiple claimants to bring a single legal action arising from common facts or issues. The Bill reflects a Law Reform Commission paper issued in...