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.
Financial Regulation AdvisoryAt 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.
Asset Management & Investment FundsDomestically, 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.
FinanceDomestically, 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.
Asset Management & Investment FundsDomestically, 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.
FinanceThe 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.
Insurance & ReinsuranceOn 6 January 2025, Ireland commenced the screening of foreign direct investments under the Screening of Third Country Transactions Act 2023 (the Irish Screening Act).
EU, Competition & ProcurementThe EU's Listing Act package was first proposed in 2022 as part of reforms to the EU's Capital Markets Union.
Corporate & M&AThe CBI recently reprimanded and fined BlueSnap for contraventions of the European Union (Payment Services) Regulation 2018 (PSR 2018) between 1 January 2021 and 1 December 2022.
DisputesDomestically, the Minister for Finance gives effect to EU regulation on Markets in Crypto-Assets. At European level, the ESAs announce timeline to collect information for the designation of critical ICT third-party service providers under DORA.
Financial Regulation AdvisoryAt European level, the Listing Act package is published in the Official Journal and ESMA publishes advice on the CSDR Penalty Mechanism and consults on conditions of the active account requirement.
Asset Management & Investment FundsDomestically, new legislation will require motorists to provide a driver number when taking out motor insurance. At European level, EIOPA publishes its final report on prudential treatment of sustainability risks within Solvency II.
Finance
