Court of Appeal Halves Personal Injury Award Which Was Not ‘Just and Fair’ or ‘Proportionate’

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Shannon v O'Sullivan [2016] IECA 93 concerned personal injury awards to Mr and Mrs Shannon arising out of a road traffic accident. The defendant, in the High Court had contested the extent of the injuries suffered by the plaintiffs noting that they had not proceeded to hospital directly after the collision but had only gone there some hours later and had only sought medical attention several weeks

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Tracker, Financial Services Regulation & Compliance - Banking

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On the Domestic Front: EU (Consumer Mortgage Credit Agreements) Regulations 2016; Central Bank introduces new authorisation process model for various industry sectors; On the EU Front: ECB announces a new series of targeted longer-term refinancing operations (TLTRO II); EBA publishes the report on SMEs and the SME Supporting Factor

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Tracker, Financial Services Regulation & Compliance - Investment Firms

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On the Domestic Front: Central Bank of Ireland issues a press release with regard to its themed inspection in relation to conflicts of interest in Investment Firms New Member Firm Rules and Market Parameters published by the Irish Stock Exchange; On the EU Front: ESMA publishes its Trends, Risks and Vulnerabilities Report No. 1 2016 on European Union (EU) securities markets

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UCITS V Update

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ESMA Guidelines on sound remuneration policies under the UCITS Directive and AIFMD Delegated Regulation supplementing UCITS V on obligations of depositaries UCITS Infringement reporting form template

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