The European Insurance and Occupational Pensions Authority (EIOPA) has been sounding the alarm for several years in relation to a “natural catastrophe insurance protection gap” throughout the EU.
Insurance & ReinsuranceOn 6 January 2025, Ireland commenced the screening of foreign direct investments under the Screening of Third Country Transactions Act 2023 (the Irish Screening Act).
EU, Competition & ProcurementThe EU's Listing Act package was first proposed in 2022 as part of reforms to the EU's Capital Markets Union.
Corporate & M&AThe CBI recently reprimanded and fined BlueSnap for contraventions of the European Union (Payment Services) Regulation 2018 (PSR 2018) between 1 January 2021 and 1 December 2022.
DisputesDomestically, the Minister for Finance gives effect to EU regulation on Markets in Crypto-Assets. At European level, the ESAs announce timeline to collect information for the designation of critical ICT third-party service providers under DORA.
Financial Regulation AdvisoryAt European level, the Listing Act package is published in the Official Journal and ESMA publishes advice on the CSDR Penalty Mechanism and consults on conditions of the active account requirement.
Asset Management & Investment FundsDomestically, new legislation will require motorists to provide a driver number when taking out motor insurance. At European level, EIOPA publishes its final report on prudential treatment of sustainability risks within Solvency II.
FinanceDomestically, the CBI updates its filing process to implement ESMA’s guidelines on funds’ names using ESG or sustainability-related terms. At European level, ESMA published a response to the EU Commission consultation on non-bank financial intermediation.
Asset Management & Investment FundsDomestically, the CBI publishes the Central Credit Register data management review. At European level, the EBA consults on guidelines on proportionate retail diversification methods and publishes methodologies for the 2025 EU-wide stress test.
Finance2024 has been one of the busiest years for competition law. There has been a sharp uptake in deals coming under investigation by the Competition and Markets Authority.
BelfastIn this annual article we look back on 2024 for the insurance and financial services M&A sector in Ireland (and elsewhere) and provide an outlook of likely trends and activity in 2025.
Corporate & M&AThe Irish Gambling Regulation Act 2024 marks a transformative step in the regulation of gambling in Ireland.
Betting, Gaming & Licensing
