On 13 September 2016, Ireland's Competition and Consumer Protection Commission ("CCPC") announced that it had issued: (a) witness summonses; and (b) information requests to various parties in the motor insurance sector in Ireland.
EU, Competition & ProcurementIn BAM Building Ltd v UCD Property Development Co Ltd [2016] IEHC 582 (20 October 2016), the Irish High Court considered whether to stay proceedings pending arbitration in a construction dispute.
DisputesThe Department of Justice and Equality have published a policy document on amending the law relating to the interception of communications.
Privacy & Data SecurityIn Toomey Leasing Group Ltd v Sedgwick & Ors [2016] IECA 280, Court of Appeal, Hogan J, 13 October 2016, the first named respondent (Mr Sedgwick) appealed from a decision of the High Court that he, and the second respondent were personally liable to the applicant in the sum of €48,250 pursuant to Section 297A of the Companies Act 1963.
DisputesOn the Domestic Front: Central Bank publishes Transparency Rules in respect of transparency requirements for issuers of securities admitted to trading on certain markets; Director of Enforcement of the Central Bank of Ireland delivers speech on the Bank's approach to enforcement
Financial RegulationOn the Domestic Front: Loan Origination Qualifying Investor AIFs; Central Bank publish AIFMD Q&A. On the European Front: ESMA publish Q&A on application of AIFMD; ESMA publish Q&A on application of UCITS Directive
Financial RegulationOn the Domestic Front: Central Bank of Ireland demands increased effectiveness in IT and cyber risk management; Central Bank publishes the outcome of its Review of Residential Mortgage Lending Requirements
Financial RegulationThe ODPC has published guidance, The GDPR and You - Preparing for 2018, to help organisations prepare for the GDPR.
TechnologyOn the Domestic Front: Central Bank publishes AIF Rulebook and AIFMD Q&A; Central Bank published Feedback Statement to the Consultation on amendments to the Central Bank UCITS Regulations. On the EU Front: ESMA issues opinion on UCITS Share Classes; FSB publishes a report which makes recommendations to address structural vulnerabilities from asset management activities.
Financial RegulationOn the Domestic Front: Central Bank publishes updates to Solvency II reporting materials; Insurance Ireland calls for reform of life assurance levy and exit tax; Insurance Ireland welcomes recommendations to address rising cost of insurance.
Financial RegulationOn the Domestic Front: Central Bank of Ireland publishes Q&A on the Transparency Regulatory Framework; Central Bank of Ireland publishes Feedback Statement on Consultation on the Central Bank Investment Firms Regulations 2015
Financial RegulationWe are delighted with readers' response to our new Question of the month in the Front Page. Thank you. We invite readers to send topical questions which would be of general interest to readers to A&L Goodbody Investment Funds. Each month we choose a question and publish the question and answer. We look forward to hearing from you.
Asset Management & Investment Funds
