In total, spending measures of €8.3bn were announced. We have highlighted the key updates and how any of these changes may affect your business. Read more here.
TaxThe A&L Goodbody competition teams in Ireland and Northern Ireland set out below the main features of actions for damages as a result of breaches of EU and Irish competition law in Ireland and as a result of breaches of UK competition law in Northern Ireland.
EU, Competition & ProcurementThe EU’s proposed new regulation banning products made with forced labour from the EU single market (the Regulation) will be finalised in the coming months and likely apply across the EU from Q4 2027.
Corporate & M&AEuronext Dublin is expected to publish the first Irish Corporate Governance Code (the Irish Code) in the next few weeks. It is expected that the Irish Code will apply to financial years commencing on or after 1 January 2025.
Corporate Governance & ComplianceThe UK’s Financial Conduct Authority (FCA) has overhauled the Listing Rules (the UKLR) to better align with international market standards and to improve the global competitiveness of the UK market.
Capital Markets - EquityDomestically, FSPO publishes its Annual Report 2023. At European level, the European Commission publishes FAQ providing further clarifications on EU corporate sustainability reporting rules.
Financial Regulation AdvisoryDomestically, the CBI issues Dear CEO Letter on consumer protection in insurance firms. At European level, EOIPA publishes technical information for Solvency II and provides initial information to policyholders affected by FWU AG’s insolvency.
FinanceDomestically, certain passporting notifications to be made through the CBI Portal from 11 September 2024. At European level, the FCA will open the gateway to new schemes forming part of the UK’s Overseas Funds Regime on 30 September 2024.
Asset Management & Investment FundsDomestically, the CBI publishes guidance on breach and incident reporting for MiFID firms. At European level, ESMA publishes its report on Trends, Risks and Vulnerabilities Risk Monitor.
Asset Management & Investment FundsDomestically, the CBI publishes an announcement on the countercyclical capital buffer rate and summary notes on compilation in relation to the survey of credit institutions return. At European level, the EBA publishes a joint report on payment fraud with the ECB.
FinanceIn this second part of our business and human rights advisory series, we examine international human rights guidance related to the mandatory sustainability due diligence and disclosures obligations being introduced in the EU which were covered in the first part of this series.
ESG & SustainabilityThis article sets out the types of entities that will fall within scope of the recently introduced sustainability reporting obligations and when these obligations will apply. It also highlights where provisions of the Regulations currently appear to differ from those contained in CSRD.
ESG & Sustainability
