At European level, ESMA publishes updated opinion on pre-trade transparency waivers for equity and non-equity instruments, coordinates supervisory activities on MiFID II pre-trade controls with NCAs and remarkable resilience of financial markets in a higher-for-longer interest-rate environment.
Asset Management & Investment FundsDomestically, CBI Financial Statements for Insurance Compensation Fund published. At European level, EIOPA analyses internal models for non-life underwriting.
FinanceDomestically, ELTIF 2.0. 24-hour authorisation will apply to “Qualifying Investor” ELTIFs in Ireland. At European level, ESMA reports on Alternative Investment Funds 2023.
Asset Management & Investment FundsDomestically, client asset requirements become applicable to credit institutions. At European level, ECB to conduct cyber-resilience stress testing this year.
FinanceThis review examines the merger control practice of the CCPC under Part 3 of the 2002 Act during 2023 and is based on information available at the date of publication.
EU, Competition & ProcurementWe have written extensively on the Corporate Sustainability Reporting Directive (EU) 2022/2464 (the Reporting Directive), most recently here.
Corporate & M&AWhat is typically called ‘climate litigation’ is an increasing fact of life for corporates as well as state bodies in many jurisdictions. Individuals, investors and non-governmental organisations (NGOs) have sought orders requiring specific actions, targets and policies to be taken or adopted by governments, regulators and/or corporates.
Corporate & M&AThe Central Bank of Ireland has announced the discontinuation of its requirement for the general partner of an Irish Investment Limited Partnership (ILP) to be authorised as an AIF management company.
Asset Management & Investment FundsA unit trust is a contractual fund structure constituted by trust deed. A unit trust is not a separate legal entity and does not have legal personality.
Asset Management & Investment FundsThe Investment Limited Partnership (ILP) fund structure does not have an independent legal existence and all of the assets and liabilities belong jointly to the individual partners.
Asset Management & Investment FundsIrish Investment fund products can be constituted in various legal forms. A range of factors can influence the choice of legal vehicle, including tax treatment, risk spreading requirements, local market requirements and market preferences.
Asset Management & Investment FundsThe Common Contractual Fund (CCF) fund structure is a contractual arrangement whereby investors participate as co-owners of the assets of the CCF.
Asset Management & Investment Funds
