Feb 2016

Article

Commissioner Dixon gave a report on the work of the Office of the Data Protection Commissioner (ODPC) for the year 2015, and outlined the priorities of her office for 2016 in a presentation to delegates attending the National Data Protection Conference

Feb 2016

Article

On 1 February 2016, the European Securities and Markets Authority (ESMA) published a new Q&A document on the application of the UCITS Directive, as most recently revised by UCITS V.

Feb 2016

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On the Domestic Front: Items including the following - Finance (Tax Appeals) Act 2015 is signed by the President – not yet commenced - Credit Union regulations imposing a limit on individual members' savings are now in force - Central Bank of Ireland publishes the first Quarterly Bulletin for 2016.

Feb 2016

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On the Domestic Front: The Central Bank published issue 9 of 2015 of its Markets Update. On the EU Front: European Commission publishes letter to ESMA on application of AIFMD passport.

Feb 2016

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On the EU Front: Items including the following - ESMA Consultation Paper on the development of MiFIR guidelines - ESMA Guidelines on Cross-Selling Practices under MiFID II now applicable.

Feb 2016

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On the Domestic Front: Items including the following - Central Bank of Ireland publishes new regulations for firms lending to SMEs - Central Bank of Ireland develops a methodology for a broader examination of tracker mortgage-related issues.

Feb 2016

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On the Domestic Front: Items including the following - Central Bank feedback on review of annuity sales process - Central Bank guidance in relation to Fitness and Probity obligations for (re)insurers. On the European Front: Items including the following - Third set of Solvency II Implementing Regulations published - EIOPA Solvency II technical information published.

Feb 2016

Article

Following the CJEU decision in the Schrems Case on 6 October 2015 invalidating the Safe Harbour regime, the Article 29 Working Party (the group comprised of representatives of European national data protection authorities (Article 29WP)) gave the EU and US a three month timeline in which to agree a political solution to replace Safe Harbour.

Feb 2016

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From 15 February 2016, traders established in the EU that sell or provide goods or services online to consumers must provide a link on their websites to the European Commission's online dispute resolution (ODR) platform.

Feb 2016

Article

The grocery sector in Ireland will have to cope with a new set of rules from 30 April 2016. On 1 February 2016, the Minister for Jobs, Enterprise and Innovation signed the Consumer Protection Act 2007 (Grocery Goods Undertakings) Regulations 2016. These Regulations will enter into force on 30 April 2016.