Aug 2017

Article

Two recent Acts, signed into law by President Higgins last month, will have a significant impact upon the operation of the Financial Services Ombudsman (FSO) complaints procedure. In particular, the Acts allow for an extension of the period in which consumers can make complaint about certain financial products.

Aug 2017

Article

The Central Bank of Ireland (Central Bank) signed the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2017, S.I. No. 344 of 2017, (the Central Bank UCITS (Amendment) Regulations 2017) on 27 July 2017 and these amending regulations are now in force. The Central Bank subsequently published

Aug 2017

Article

In the Republic of Ireland, the majority of licences permitting the sale of alcohol are still granted by the courts.

Aug 2017

Article

On the Domestic Front: Central Bank publishes Brexit Frequently Asked Questions; On the EU Front: European Commission publishes guidelines on Key Information Documents as required by the PRIIPs Regulation

Aug 2017

Article

On the Domestic Front: The Government proposes changes to Insurance Compensation Fund; Department of Finance publishes update on the transposition of the Insurance Distribution Directive. On the EU Front: European Commission consults on two draft Delegated Regulations supplementing IDD; EIOPA issues opinion on supervisory approach to Brexit relocations.

Aug 2017

Article

On the Domestic Front: MIFID II Regulations 2017 are published; Central Bank publishes an addendum to the Consumer Protection Code 2012. On the EU Front: ESMA issues final guidelines on data transfer between Trade Repositories authorised under EMIR; ESMA publishes its first three opinions on positions limits regarding commodity derivatives under MiFID II and MiFIR

Aug 2017

Article

On the Domestic Front: Key provisions of the Credit Reporting Act 2013 enter force; On the EU Front: EBA publishes final standards specifying information requirements for the authorisation of credit institutions; The Commission consults on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default.

Aug 2017

Article

On the Domestic Front: Update of the Investment Limited Partnership and ICAV legislation announced; On the EU Front: ESMA issues opinion on Asset Segregation and Custody Services; ESMA issues opinion supporting supervisory convergence in the area of investment management in the context of Brexit.

Aug 2017

Article

The Transparency (Directive 2004/109/EC) (Amendment) Regulations 2017 (S.I. No. 336 of 2017) (the 2017 Transparency Regulations) were signed by the Minister for Finance on 25 July 2017 but were only publicly available on 31 July 2017, and are stated to come into operation today, 1 August 2017.

Aug 2017

Article

In recent years, Ireland has emerged as a global cybersecurity hub, with high profile international companies like Intel Security, Trend Micro, Malwarebytes, AlienVault, FireEye, SolarWinds and NUIX choosing it as a location for their European operations.