The FATF mutual evaluation report on Ireland concludes that Ireland has a sound and substantially effective regime to tackle money laundering and terrorist financing, but could do more. The Financial Action Task Force (FATF) published its Mutual Evaluation Report (MER) on Ireland following its assessment of Ireland’s anti-money laundering and counter-terrorist financing (AML/CFT) system.
Financial RegulationIreland's competition and consumer protection agency is the "Competition and Consumer Protection Commission" ("CCPC"). On 3 September 2017, the CCPC published its annual report for 2016.
BrexitIreland's competition and consumer protection agency is the "Competition and Consumer Protection Commission" ("CCPC"). It began operations on 31 October 2014 after a long gestation over a number of years which involved the merger of the Competition Authority and the National Consumer Agency.
EU, Competition & ProcurementThe European Court of Human Rights (ECHR) delivered its most recent determination on the issue of employee privacy and email monitoring in the case of Barbulescu v Romania (Case 61496/08)
EmploymentOn 7 September, the European Commission's Brexit Task Force published a paper on Northern Ireland.
BrexitOn the Domestic Front: MIFID II Regulations 2017 are published; Central Bank publishes an addendum to the Consumer Protection Code 2012. On the EU Front: ESMA issues final guidelines on data transfer between Trade Repositories authorised under EMIR; ESMA publishes its first three opinions on positions limits regarding commodity derivatives under MiFID II and MiFIR
FinanceOn the Domestic Front: Central Bank publishes Consultation Paper proposing enhanced measures to aid mortgage switching; On the EU Front: European Central Bank publishes guidance on AnaCredit Validation Checks
FinanceOn the Domestic Front: Central Bank UCITS (Amendment) Regulations 2017 are published; On the EU Front: ESAs publish updated guidance on the Key Information Document requirements for PRIIPs
FinanceOn the Domestic Front: Central Bank updates guidance on establishing an EEA branch of an insurance undertaking. On the EU Front: European Commission sets out standardised presentation format for IPIDs under IDD; Insurance Europe calls for further PRIIPs clarifications
FinanceOn the Domestic Front: Central Bank publishes the Minimum Competency Code 2017; Central Bank publishes Market Update - Issue 6 2017. On the EU Front: ESAs publish updated guidance on the Key Information Document as required by the PRIIP Regulation; EBA publishes consultation on fraud reporting requirements under PSD2
FinanceThe Court of Justice of the European Union (CoJ) has handed down a decision which means that an exclusivity rebate by a dominant undertaking will not be regarded automatically as an abuse of dominance by the where there is evidence that demonstrates that the effect of the conduct was not to exclude competition.
EU, Competition & ProcurementOn the International Front we look at the ESMA guidelines on transaction reporting under MiFID II and MiFIR , PRIIPs and Anti Money Laundering/ Combating the Financing of Terror/ Corruption.
Asset Management & Investment Funds
