Domestically, the CBI published an independent review of its Fitness & Probity Regime. At European level, the ESMA publish opinion on the sustainable finance regulatory framework, setting out possible long-term improvements.
Asset Management & Investment FundsDomestically, the CBI published its updated guidance note on completing an application for authorisation as a credit servicing firm and/or credit servicer. At European level, the EBA publishes a consultation paper to overhaul its resolution planning reporting framework.
FinanceThe European Securities and Markets Authority (ESMA) published a consultation paper on draft guidelines on the reverse solicitation exemption for third-country firms under the Markets in Crypto-Assets Regulation (MiCAR) at the end of January 2024.
Financial Regulation AdvisoryThe Employment Permits Act 2024 (the Act) was recently signed into law. While we await a commencement order for the Act to come into effect, the Act contains important updates to the employment permits system which employers in Ireland should be aware of.
EmploymentOn 5 July 2024, the European Banking Authority (EBA) published a statement on the application of the Markets in Crypto-Assets Regulation (MiCAR) to issuing, offering and admission to trading of asset-referenced tokens (ARTs) and e-money tokens (EMTs).
Financial Regulation AdvisoryIreland's defamation laws are edging closer to an overhaul following the long-awaited publication of the Defamation (Amendment) Bill 2024 (the Bill) on 2 August 2024.
DisputesThe Automatic Enrolment Retirement Savings Act 2024 is predicted to result in approximately 800,000 employees who don’t currently have a pension arrangement saving towards their retirement.
Pensions & IncentivesThe European Union’s Artificial Intelligence Act entered into force on 1 August 2024 and will become effective in phases over the next 24 to 36 months.
Insurance & ReinsuranceOn 5 July 2024, the EBA published a document setting out its supervisory priorities for issuers of ARTs and EMTs that are subject to the regulatory framework for ARTs and EMTs under Titles III and IV of MiCAR.
Financial Regulation AdvisoryThe long running case of Angela Kerins v Dáil Éireann, Ireland and the Attorney General has resulted in a third Supreme Court judgment ([2024] IESC 24) (Kerins 3) concerning the conduct of an investigation by the Public Accounts Committee of Dáil Éireann (the PAC).
DisputesThe Work Life Balance and Miscellaneous Provisions Act 2023 (the Act) was enacted in April 2023 and provides employees with a right to request remote work.
EmploymentOn 24 July 2024, the Minister for Equality, Roderic O'Gorman, announced that the Government has given approval to the drafting of the Maternity Protection (Amendment) and Miscellaneous Provisions Bill 2024.
Employment
