The European Commission has today adopted the Privacy Shield. The Privacy Shield is intended to provide a framework for EU-US data transfers.
GDPRAnna-Marie Curran, EU, Competition & Procurement Partner looks at the potential issues relating to delayed verification of pre-qualification and exclusion criteria with regard to Government Contracts.
EU, Competition & ProcurementIreland's Minister for Jobs, Enterprise and Innovation, Mary Mitchell O'Connor TD, confirmed on 5 July 2016 that her department is drafting a Statutory Instrument (i.e., Ministerial order) to implement "Directive 2014/104/EU on certain rules governing actions for damages under national law for infringements of the competition law provisions of Member States and of the European Union"
EU, Competition & ProcurementThe Office of the Data Protection Commissioner (DPC) has published its Annual Report for 2015.
Privacy & Data SecurityOn the Domestic Front: Central Bank of Ireland issues Statement on the outcome of the UK Referendum on EU Membership; Statement by Irish Minister of Finance following the UK Referendum on EU membership. On the European Front: Department of Finance Public Consultation on Financial Institutions Levy closes 8 July 2016 Central Bank of Ireland publishes a 10 Step Guide for Micro and Small Enterprises
Financial RegulationOn the Domestic Front: Irish Stock Exchange statement following the UK Referendum. On the EU Front: European Securities Markets Authority publishes Q & A on the application of the AIFMD; European Securities Markets Authority publishes Q&A on the implementation of EMIR
Financial RegulationOn the Domestic Front: Central Bank publishes Markets update. On the European Front: Updated ESMA Q&A on the application of AIFMD; ESMA Q&A on the application of EuSEF and EuVECA Regulations
Financial RegulationOn the Domestic Front: Central Bank of Ireland Director of Credit Institutions Supervision delivers a speech on his role and supervisory priorities; Deputy Governor of the Central Bank of Ireland emphasises the importance of macroprudential mortgage rules. On the EU Front: European Central Bank issues statement following the UK referendum on EU membership
Financial RegulationOn the Domestic Front: CBI consults on guidance regarding external audit of Solvency II returns/disclosures; Insurance Ireland issues statement on insurance costs debate.
FinanceOn 20 May 2016, the Minister for Housing, Planning and Local Government, Simon Coveney, announced that on foot of a request by Dublin City Council, the Government has made an order designating the western part of the Poolbeg peninsula as a Strategic Development Zone (SDZ).
Environmental & PlanningThis article examines a recent decision of the Irish High Court, CRH Plc, Irish Cement Ltd and Seamus Lynch v The Competition and Consumer Protection Commission [2016] IEHC 162, which highlights the importance of regulators complying with the scope of search warrants and with privacy laws when conducting dawn raids.
EU, Competition & ProcurementOn the International front we look at AIFMD, CMU consultation on cross border distribution of investment funds, EuSEFs, EuVECAs, Benchmarks, ELTIFs, MMFs, AML/CTF, FSB consultation on recommendations to address structural vulnerabilities arising from asset management activities and IOSCO.
Asset Management & Investment Funds
