Fifth Anti-Money Laundering Directive published

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The text of the fifth Anti-Money Laundering Directive (5AMLD) has been published in the Official Journal of the EU. 5AMLD will amend the fourth Anti-Money Laundering Directive (4AMLD). It must be transposed by member states into national law by 10 January 2020.

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People over Wind and Peter Sweetman v Coillte

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In case C-323/17 People Over Wind and Peter Sweetman v Coillte, the Court of Justice of the European Union (CJEU) ruled that mitigation measures could not be taken into account at the screening stage of an appropriate assessment.

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Proposed SME Growth Market reform

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We understand that the Irish Stock Exchange (ISE), which is now trading as Euronext Dublin, is currently considering applying for the designation of the Enterprise Securities Market (ESM) of the ISE as an "SME Growth Market", as permitted by MiFID II.

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Financial Services Regulation & Compliance - Banking May 2018

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Domestically, the Department of Business, Enterprise and Innovation published its First Quarter Report on SME Credit Guarantee Scfheme. On the European front, the European Central Bank (ECB) has published a guide to clarify how it assesses the suitability of management committees of significant credit institutions that fall under its direct supervision. It has also set its approach to UK

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Financial Services Regulation & Compliance - Funds May 2018

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On the domestic front, the CBI published the Thirtieth Edition of its AIFMD Q & A and the Irish Funds GDPR Working Group published its fourth bulletin which outlines industry discussion on GDPR with the Data Protection Commissioner, Helen Dixon. On the European front, The European Commission issued draft amending regulations in respect of safekeeping duties of depositaries for AIFs.....

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Financial Services Regulation & Compliance - Insurance May 2018

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On the Domestic front the Central Bank published a Policy Notice, Handbook and Guidance on third-country branches, the cost of the Insurance Working Group published its latest quarterly update and there was a public consultation on the feasibility of an insurance claim-by-claim register. From a European perspective, the European Commission has proposed changes to the Motor Insurance Directive...

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