DORA – What are the implementation and supervisory expectations for the 17 January 2025 deadline?
Jan 2025
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Ever since the United Kingdom’s departure from the European Union, Northern Ireland has been presented with new, uncharted opportunities due to its unique relationship with the EU, and the ever-evolving landscape of AI is no exception.
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The High Court has quashed An Bord Pleanála's decision to refuse a 13-turbine wind farm in County Laois and sent it back for reconsideration.
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Domestically, the Central Bank of Ireland announced the establishment of a dedicated Fitness and Probity Unit. At European level, the EBA published its fourth report on the functioning of anti-money laundering and countering the financing of terrorism colleges.
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At European level, ESMA consults on EU code of conduct for issuer-sponsored research, ESMA published its MiFIR review final report, and ESMA consults on draft technical advice concerning MAR and MiFID II.
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Domestically, further provisions of the Personal Injuries Resolution Board Act 2022 were commenced. At European level, EIOPA and the ECB proposed a European approach to reduce economic impact of natural catastrophes.
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Domestically, the Central Bank of Ireland published its Investment Funds Supervision Bulletin. At European level, ESMA published a consultation paper on draft RTS on open-ended loan-originating alternative investment funds under AIFMD.
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Domestically, the Central Bank of Ireland published new Frontier Statistics. At European level, implementing technical standards under the Capital Requirements Regulation were published in the Official Journal of the EU.
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The European Insurance and Occupational Pensions Authority (EIOPA) has been sounding the alarm for several years in relation to a “natural catastrophe insurance protection gap” throughout the EU.
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On 6 January 2025, Ireland commenced the screening of foreign direct investments under the Screening of Third Country Transactions Act 2023 (the Irish Screening Act).
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