Feb 2018

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From an International perspective we look at the EU Commission notices on the consequences of Brexit on Asset Management and other banking and finance sectors, the MMF Regulation and the EU Commission letter to ESMA on share cancellation, updated ESMA Q&As on the Benchmarks Regulation, IOSCO recommendations and good practices for CIS liquidity risk management, ESRB recommendations that ESMA....

Feb 2018

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From an Irish Practice and Domestic perspective, we look at some approaching compliance deadlines, a Central Bank speech on the importance of diversity in financial services and Central Bank Markets Updates and improvements to Loan Originating QIAIFs.

Feb 2018

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Ireland is bracing itself (literally) for the first code red alert of 2018 – the 'Beast of the East' (otherwise known as Storm Emma). The lead in time for Storm Emma presents a welcome opportunity for employers to forward plan and ensure employees are well informed of contingency work plans.

Feb 2018

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Further to our recent bulletin, the Companies (Statutory Audits) Bill 2017, which further transposes the EU statutory audit package and consolidates existing audit legislation into the Companies Act 2014, commenced and completed the Committee Stage in Dáil Eireann yesterday, when the Committee approved the Bill and the various amendments tabled.

Feb 2018

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On 16 February 2018, the Government published the National Planning Framework (NPF), which, together with the National Development Plan (NDP), form ‘Project Ireland 2040’ - the Government's vision for how to develop the country over the coming decades.

Feb 2018

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Ireland, unlike England and Wales, does not have sentencing guidance relative to health and safety offences.  Having said that, there are quite a number of Court decisions that provide useful guidance, including the decision of the Court of Appeal on 6 April 2017 in DPP v Kilsaran Concrete Ltd.  

Feb 2018

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The issue of unfair contract terms in loan contracts, and the extent of the obligation on a Court to examine this issue without it being raised by the parties, is continuing to be a feature in financial litigation. 

Feb 2018

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The Court of Appeal recently delivered judgment in a long running disability discrimination case which is noteworthy from an employer's perspective. The judgment brings clarity to the law on the extent of an employer's statutory duty to reasonably accommodate disabled employees.

Feb 2018

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The Intoxicating Liquor (Amendment) Act 2018 was signed into law by President Higgins on 31 January 2018.

Feb 2018

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From a domestic perspective, the European Union (Payment Services) Regulations 2018 were implemented, transposing PSD2 into Irish law. The Central Bank updated the application forms for firms seeking authorisation and also issued a number of guidance notes. On a European level, The ESAs published Final Guidelines under Articles 17 and 18(4) of the Fourth Money Laundering Directive.