May 2017

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The Department of Justice has published the General Scheme of the Data Protection Bill 2017. This Bill is designed to give effect to, and provide for derogations from, the General Data Protection Regulation (GDPR).

May 2017

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The Financial Services and Pensions Ombudsman Bill 2017 was published on 10 May 2017. The purpose of the Bill is to amalgamate the offices of the Financial Services Ombudsman and Pensions Ombudsman and to consolidate and update existing legislation. More importantly, the Bill provides for an extension of the time limits to bring complaints to the Ombudsman in respect of pension products and longer

May 2017

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A recent determination (ADJ – 00000557) from the Workplace Relations Commission (the WRC) provides further insight and guidance for employers on the scope of their duty to reasonably accommodate a disabled employee.

May 2017

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Further to our recent bulletins on the Companies (Accounting) Bill 2016, which will amend the Companies Act 2014, the Bill was passed by Seanad Eireann (having previously been passed by Dáil Eireann) on 9 May 2017.

May 2017

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The Irish Government has signed an Order giving the Cape Town Convention Alternative A insolvency remedy force of law in Ireland.

May 2017

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In Aldi Stores (Ireland) Limited and Aldi GMBH & Co. KG v Dunnes Stores [2017] IECA 116, Dunnes Stores (Dunnes) succeeded in its appeal against a High Court ruling that its 2013 comparative advertising campaign against Aldi was contrary to EC (Misleading and Comparative Advertising) Regulations, 2007 and the Consumer Protection Act, 2007.

May 2017

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On the Domestic Front: Department of Finance consults on Insurance Distribution Directive; Insurance Ireland publish Annual Report 2016 On the European Front: EIOPA publishes Thematic Review of consumer protection issues in the unit-linked market; European Commission proposals on the EU and US bilateral agreement on (re)insurance

May 2017

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On the Domestic Front: Central Bank announces published its 2016 Annual Report and its 2016 Annual Performance Statement; Department of Finance launches Consultation on Crowdfunding On the European Front: National application of the Fourth Anti Money Laundering Directive is triggered; ESMA publishes opinion on Market Abuse Regulation accepted market practices in relation to liquidity contracts

May 2017

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On the Domestic Front: Director of Asset Management Supervision in the Central Bank address MiFID II; On the European Front: ESMA publishes final technical advice to the European Commission regarding supervisory fees for Trade Repositories under the Securities Financing Transactions Regulation; ESMA publishes update to Q&As regarding the European Markets Infrastructure Regulation

May 2017

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On the Domestic Front: Irish Funds have revised Guidance Paper 6 On the European Front: ESMA updated Q&As on the application of the AIFMD Directive and the UCITS Directive; European Parliament adopts the Money Market Funds Regulation.