Sep 2023

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At European level, European Securities and Markets Authority (ESMA) has issued guidelines on MiFID II product governance requirements and Commission Delegated Regulation on RTS for specific liquidity measurement of investment firms is published in the Official Journal.

Sep 2023

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Domestically, the CBI published a communication on Data Ethics within Insurance. At European level, the Joint Board of Appeal of the ESA dismissed an appeal by Euroins Insurance Group AD against the European Insurance and Occupational Pensions Authority.

Sep 2023

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Domestically, the Irish Funds Depositary Working Group has published a guidance paper on depositary oversight principles and ESG investment. At European level, the European Commission adopted the first set of the European Sustainability Reporting Standards.

Sep 2023

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Domestically, the CBI announced the countercyclical capital buffer rate is to be maintained. At European level, the EBA has launched a consultation on draft regulatory technical standards to identify extraordinary circumstances to derogate from certain requirements in the area of market risk.

Sep 2023

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The Office of Government Procurement has introduced monetary caps on liability in the forms of public works contracts PW-CF1 to PW-CF8s.

Sep 2023

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In Eternity Sky Investments Ltd v Mrs Xiaomin Zhang [2023] EWHC 1964 (Comm), the English Commercial Court has refused an application to set aside an order for enforcement of an arbitration award on the grounds of public policy.

Sep 2023

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The European Commission published Guidance in March 2021 in which it indicated that it intended in certain circumstances to encourage and accept Article 22 referrals where the referring Member State(s) did not have the power to review the transactions concerned under national rules.

Sep 2023

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European Sustainability Reporting Standards, EU-US data privacy, MMFs, interconnectedness among EU investment funds, MiFID II guidelines, AML/CFT/FS.

Sep 2023

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CBI issues questionnaire: First phase of engagement in ESMA’s CSA on sustainability and risk disclosure, ELTIFs, IF guidance on depositary oversight principles and ESG investment.

Sep 2023

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The Central Bank’s Administrative Sanctions Process (the ASP) is the regulator’s key enforcement tool. The ASP is being reformed alongside a package of changes to investigations in the financial services sphere. The Central Bank recently published a consultation paper and draft guidance setting out how they propose to commence and progress enforcement investigations under the ASP going forward.