Jan 2024

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On 20 December 2023, the Minister of State for Business, Employment and Retail announced major changes to the employment permits system which will take effect in January 2024.

Jan 2024

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On 27 July 2023 the Department of Finance published its second feedback statement the draft legislation to implement the OECD’s Pillar 2 Rules.

Jan 2024

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On 31 March 2023 the Department of Finance published its first feedback statement the draft legislation to implement the OECD’s Pillar 2 Rules.

Jan 2024

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Reducing migration – both legal and illegal - remains a key policy for the government. Unannounced visits designed to stop illegal working increased by 50% in 2023 and 2024 will bring significant increases in civil penalties for employers found to be facilitating illegal working. With the maximum fine tripling to £60,000 per worker, it is crucial that employers familiarise themselves.

Jan 2024

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The Competition Consumer Protection Commission has been recently allocated with increased resources and new powers which will enable it to expand its role in regulating the digital economy. Read more here.

Jan 2024

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The Central Bank of Ireland (CBI) has reprimanded and fined GlobalReach Multi-Strategy ICAV (ICAV), a UCITS ICAV, €192,500 pursuant to the European Union (European Markets Infrastructure) Regulations 2014 (EMIR Regulations).

Jan 2024

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In the International Fintech Review 2023/24, our Financial Regulatory Advisory team provide an insight into key developments and latest trends in fintech.

Dec 2023

Article

The European Union’s Artificial Intelligence Act (AI Act) is one of the first attempts from a major regulator to address the growing prevalence of AI technologies. Businesses that develop, use and supply AI systems will be impacted. Importantly, this includes insurance sector firms and service providers.

Dec 2023

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As 2023 draws to a close, the ALG Insurance & Reinsurance team take stock of key ESG & Sustainability developments in the insurance space; and look ahead to what is coming down the track for 2024.

Dec 2023

Article

On 13 December 2023, a provisional agreement was reached between European Union co-legislators on the Corporate Sustainability Due Diligence Directive (CSDDD). The CSDDD aims to enhance the protection of the environment and human rights in the EU and globally.