On the International Front: ESMA confirms renewal of Greek HCMC short selling ban. ESMA recommends changes to EMIR framework. Commission passes delegated regulation on central clearing for interest rate derivatives under EMIR.
FinanceOn the Domestic Front: Central Bank publishes its Internal Rules as the Resolution Authority under the BRRD. On the International Front: EBA publishes technical advice on protected arrangements in a resolution situation. EBA issues final Guidelines on passport notifications for mortgage credit intermediaries.
FinanceOn the International Front: PRA confirms position on deferred tax for Solvency II. EIOPA publishes Solvency II taxonomy and data point model updates. Insurance Europe comments on IAIS conduct of business risk paper.
FinanceIn Mayo County Council v Joe Reilly Plant Hire Limited [2015] IEHC 544, the Irish High Court considered whether the arbitrator was correct in law in holding that he had jurisdiction to commence the arbitration hearing and rule on his own jurisdiction.
Regulation of Lobbying Act 2015 The Regulation of Lobbying Act 2015 is relevant for everyone doing business in Ireland. The Act, with the exception of Part 4 (which deals with sanctions and enforcement), came into force on 1 September 2015.
EU, Competition & ProcurementThe commencement of the Industrial Relations (Amendment) Act 2015 (the "Act") on 1 August 2015 is noteworthy not only for the changes it introduces, but also for the key industrial relations principles that remain untouched.
EmploymentThe High Court, in In the Matter for Mount Carmel Medical Group (South Dublin) Ltd (In Liquidation) [2015] IEHC 450 considered the issue of who is a data controller under data protection law in respect of data held by a company in liquidation.
GDPRIn Earls -v- The Financial Services Ombudsman & anor [2015] IEHC 536, the High Court overturned a finding by the Financial Services Ombudsman (FSO) that an insured had failed to disclose a material fact in their insurance application and remitted it to the FSO for reconsideration.
DisputesThe European Commission has intervened in ports in an ad hoc manner for many years particularly through the means of competition law. Its attempts to create a formal regime have not been very successful to date. Indeed, its proposals to adopt legislation have even met with angry protests on the streets of Brussels by dockworkers.
EU, Competition & ProcurementDirective 2010/65 deals with the reporting formalities for ships arriving in and/or departing from ports of EU Member States.
EU, Competition & ProcurementOn 21 January 2009, the Commission adopted a Communication setting the strategic goals and recommendations for the EU’s maritime transport policy until 2018.
EU, Competition & ProcurementOn the International Front, we look at the ESMA consultation on RTS for ELTIFs, ESMA reports on EMIR and the European Commission report on its exercise of powers under UCITS IV and AIFMD
Asset Management & Investment Funds
