A recently published Private Member's Bill (The Employment Equality (Abolition of Mandatory Retirement Age) Bill 2016 ) aims to abolish compulsory retirement.
EmploymentOn the Domestic Front: Central Bank publishes letters to industry concerning life insurance pricing/reserving; The Consumer Insurance Contracts Bill 2017 is making its way through the Oireachtas On the EU Front: EIOPA publishes draft rules regarding the IPID; EIPOA consults on Guidelines on complex insurance-based investment products; EIOPA publishes its technical advice to the European Commission
Financial RegulationOn the Domestic Front: Central Bank publishes Guidance for Completion of the AML Risk Evaluation Questionnaire; Central Bank publishes a Report on Findings of Thematic Fitness and Probity Inspections in Credit Union
Financial RegulationOn the Domestic Front: Michael Hodson, Director of Asset Management Supervision in the Central Bank gives speech in relation to MiFID II On the EU Front: European Supervisory Authorities publish statement on variation margin exchange
Financial RegulationOn the Domestic Front: Michael Hodson, Central Bank Director of Asset Management Supervision gives speech on fund management company effectiveness and Central Bank supervisory & thematic priorities. On the EU Front: Joint Committee of ESAs consults on PRIIPs with environmental or social objectives; IOSCO report on loan funds survey
Financial RegulationOn the Domestic Front: Central Bank publishes Policy Statement on variable remuneration for Irish Less Significant Institutions and CRD IV Investment Firms. On the EU Front: Regulatory technical standards supplementing the Capital Requirements Regulation are published; Single Resolution Board publishes 'Approach taken in 2016 and next steps'
FinanceIn March 2016, a new regulatory framework came into force with the aim of increasing individual accountability within relevant authorised firms, namely: banks, building societies, credit unions, and PRA designated investment firms.
BelfastIn a recent case, Murray v Budds & ors [2017] IESC 4 the Supreme Court reviewed the law concerning recovery of damages for non-pecuniary loss (i.e. emotional distress) for breach of contract.
Commercial ContractsIn Carrefour Hypermarchés SAS v ITM (Case C-562/15) the Court of Justice of the EU (CJEU) ruled that comparative advertising based on prices of products sold in shops having different formats and sizes is liable to be unlawful and misleading, unless consumers are informed clearly in the advertisement itself of the difference in the formats and sizes of the shops.
Commercial ContractsOn the International Front we look at the EU Commission consultation on the Capital Markets Union Mid-Term Review; the ESMA supervisory convergence work programme for 2017...
Asset Management & Investment FundsIn Irish practice developments: Some Approaching Deadlines; Central Bank update of its EMIR Q&A in respect of the 1 March 2017 deadline for exchange of variation margin; 2 speeches by Michael Hodson; Central Bank Director of Asset Management Supervision...
Asset Management & Investment FundsDoes the recent ESMA Opinion on Share Classes have direct application to Irish authorised UCITS?
Asset Management & Investment Funds
