Jul 2023

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A new EU regulatory regime, the Foreign Subsidies Regulation (FSR), will be commencing shortly. It enables the European Commission to scrutinise companies making certain acquisitions, engaging in public procurement, or otherwise carrying out economic activities in the EU which have benefited from non-EU subsidies.

Jul 2023

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Domestically, the CBI has launched a consultation on its draft composite guidelines on the administrative sanctions procedure. At European level, on 23 June 2023, the EU adopted its 11th round of sanctions against Russia, focussing on enforcement and implementation of existing measures.

Jul 2023

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Domestically, the Central Bank of Ireland has published the Insurance Corporation Statistics for Q1 2023. At European level, the European Insurance and Pensions Occupational Authority has published a progress report on greenwashing from an insurance and pensions perspective.

Jul 2023

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Domestically, the Department of Finance has launched a public consultation to inform a review of Ireland’s funds sector. At European level, ESMA has released new Q&As on AIFMD and UCITS. ESMA published its follow-up report to the peer review on the guidelines on ETFs and other UCITS issues.

Jul 2023

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Domestically, the CBI has outlined its expectations in respect of the provision of unregulated products and / or services by investment firms. At European level, ESMA has launched a call for evidence on integrating sustainability preferences and product governance arrangements under MiFID II.

Jul 2023

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Domestically, the CBI has published its first Financial Stability Review of 2023. At European level, the European Parliament and Council have reached provisional political agreement on the implementation of the Basel III reforms.

Jul 2023

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Ireland has just passed new lobbying legislation, the Regulation of Lobbying and Oireachtas (Allowances to Members) (Amendment) Act 2023. The new law updates and strengthens Ireland's existing lobbying rules, extending their scope and enhancing the enforcement provisions. Listen to our latest Soundbite here.

Jul 2023

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The Gender Pay Gap Information Act and Regulations require employers with 250 or more employees to publish details of the gender pay gap (GPG) in their organisation by this December. Read more here.

Jun 2023

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In a surprise move, notification of regulations amending the European Union (Anti-Money laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 was published in the Iris Oifigiúil on Friday, 16 June 2023.

Jun 2023

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With Member States supposed to apply the EU Collective Redress Directive (EU) 2020/1828 (the Directive) from 25 June 2023, Ireland’s journey to enact domestic transposing legislation continues – now with some pace.