Feb 2015

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On the International Front, we look at the MMF Regulation, the Fourth Anti Money Laundering Directive and the Wire Transfer Regulation, the ELTIF Regulation, the EuSEF and EuVECA Regulations, the Benchmark Regulation, an IOSCO report on Financial Benchmarks, the SFT Regulation, Best execution under MiFID, EMIR and the new market abuse regime under MAR.

Feb 2015

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On the Domestic Front, we look at deadlines, the ICAV, Central Bank programme of themed inspections and enforcement priorities, Central Bank report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Banking Sector as well as the Central Bank appointment of Gerry Cross to the role of Director, Policy and Risk.

Feb 2015

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Given that Banks use systems to facilitate the management and monitoring of ML/TF risks and Financial Sanctions, it is important that these systems are operating correctly and effectively.

Feb 2015

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Home Secretary Theresa May has this month announced sweeping reform to the United Kingdom's visa system, endeavouring to attract greater foreign investment through 'Corporate Immigration'.

Feb 2015

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Many hotel sales are now subject to Irish merger control approval due to the change to the turnover thresholds triggering a notification requirement to the CCPC.

Feb 2015

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In The Lisheen Mine (being a partnership between Vedanta Lisheen Mining Limited and Killoran Lisheen Mining Limited) v Mullock and Sons (Shipbrokers) Limited and Vertom Shipping and Trading BV [2015] IEHC 50, the Irish High Court considered its jurisdiction to assess whether an arbitration agreement existed, in particular whether it should apply a prima facie or "full judicial consideration" test.

Feb 2015

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The long awaited legislation which provides for the establishment of the Irish Collective Asset-management Vehicle (the ICAV) has now been passed by both Houses of the Oireachtas.

Feb 2015

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The Small Business, Enterprise and Employment Bill (the Bill) is currently making its way through Parliament, bringing with it a number of important changes to company law. The intention of some of these changes is increased transparency, whilst other changes simplify company filing requirements. The Bill is expected to pass into law in early 2015, but it will come into force in stages.

Feb 2015

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The Chinese Ministry of Commerce ("MOFCOM") released the draft of its proposed new foreign investment law (the "Draft Law") for public consultation on 19 January 2015.

Feb 2015

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With the recent devolvement of corporation tax setting powers, the frequent announcements of new jobs coming into Northern Ireland not to mention the reported increase in the level of activity in the real estate sector, is it safe to assume that this is going to be a good year for businesses in Northern Ireland?