Domestically, the CBI is increasing limits for indirect exposure to digital assets depending on the liquidity provided by the Qualifying Investor Alternative Investment Fund. At European level, a third set of Q&As on the interpretation of the Sustainable Finance Disclosure Regulation was published.
Asset Management & Investment FundsDomestically, the CBI has revised the position on Irish domiciled funds to gain exposure to digital assets. At European level, guidelines on certain aspects of the MIFID II remuneration and suitability requirements have been published.
Asset Management & Investment FundsDomestically, the Individual Accountability Framework has commenced with the exception of Part 2 and Part 3 (Section 10). At European level, the third report of a digital euro has been published and Single Rulebook Q&A's have been updated.
Financial RegulationDomestically, Minister for Finance Michael McGrath launched a public consultation on the future of the bank levy. At European level, the EBA are developing guidelines on the assessment of adequate knowledge and experience of the management or administrative organ of credit servicers.
FinanceThe 2022 Annual Report of the Irish Revenue Commissioners (Revenue) was the 100th annual report issued by the Revenue, and comes shortly after the Revenue celebrated 100 years since its establishment on 21 February 1923,
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In this insight, we set out some of the key matters for consideration when it comes to the role of evidence (witness and documentary) and discovery in the context of civil tax appeals.
Tax Disputes & Enquiries
Taxpayers who are dissatisfied with a decision or assessment of the Irish Revenue Commissioners have the right to appeal to the Tax Appeals Commission, which is the statutory body that has power to set aside, vary or uphold a decision of Revenue. The purpose of this insight is to outline the process involved in taking an appeal to TAC.
Tax Disputes & Enquiries
Taxpayers who are dissatisfied with a decision or assessment of the Revenue have the right to appeal to the TAC, or alternatively directly to the High Court by seeking leave to judicially review a Revenue decision. The purpose of this insight is to outline the process involved in these High Court proceedings.
Tax Disputes & EnquiriesThe European Supervisory Authorities recently issued a consultation paper containing proposals to broaden and amend the disclosure requirements of the Sustainable Finance Disclosure Regulation Delegated Regulation.
Asset Management & Investment FundsOn 13 April 2023, the UK's Prudential Regulation Authority imposed a financial penalty on an individual for failing to comply with a Senior Manager Conduct Rule under the UK's Senior Managers and Certification Regime. Read more on this first enforcement action here.
Individual Accountability FrameworkSFDR/ Taxonomy and AML/CFT/Sanctions.
Asset Management & Investment FundsQIAIF exposure to digital assets, IAF/SEAR, F&P enforcement, LDI, DOF review of funds sector, ETFs, company law, MiFID, markets update.
Asset Management & Investment Funds
