Economic Migration - Sponsor’s Obligations Case Update

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The Court of Appeal recently dismissed a judicial review application against the Secretary of State for the Home Department's (SSHD) decision to revoke and subsequently maintain the revocation of the appellant's Tier 2 Sponsor License. The Secretary of State's decision to terminate the license was predicated on the appellant's numerous failings in its obligation to comply with UK Visa...

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Tracker, Financial Services Regulation & Compliance - Investment Firms

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On the Domestic Front: Central Bank publishes Markets Update - Issue 1 2017; Irish Stock Exchange publishes review of 2016 showing that the ISE now ranks #1 for investment fund issuers and #2 for listing bonds worldwide. On the EU Front: ESMA issues Opinion on the impact of the exclusion of fund management companies from the scope of the MiFIR Intervention Powers; ESMA publishes briefing on MiFID

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Tracker, Financial Services Regulation & Compliance - Insurance

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On the Domestic Front: Supreme Court find that investment via an insurance bond is not an insurance contract; The Civil Liability (Amendment) Bill 2017 paves way for periodic payment orders. On the EU Front: EU and US bilateral (re)insurance agreement concluded; Insurance Europe expresses concern regarding proposed European Services e-card.

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Tracker, Financial Services Regulation & Compliance - Banking

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On the Domestic Front: Banking and Payments Federation Ireland publish monthly newsletter; Central Bank publishes updated explanatory note on the AnaCredit Regulation regarding high-level requirements and scope. On the EU Front: European Banking Federation publishes revised European Interbank Compensation Guidelines 2017; European Banking Authority updates Single Rulebook Q&A

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Shenzhen–Hong Kong Stock Connect

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A&L Goodbody has become the first Irish law firm to successfully obtain approval of an Irish UCITS sub-fund to trade in China A Shares via both the Shanghai-Hong Kong Stock Connect and Shenzhen–Hong Kong Stock Connect platforms.

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ESMA final Opinion on UCITS share classes

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On 30 January 2017, ESMA published its long awaited opinion on the use of share classes in a UCITS investment fund in response to the ESMA Discussion Paper on Share Classes of UCITS (the Opinion). T

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