RegBrief summarises key recent legal and regulatory developments
of relevance to our financial regulatory clients.
AIFMD
Application of AIFMD passport: On 19
January 2016, ESMA published a letter from the European Commission
dated 17 December 2015 in relation to ESMA's advice of 30 July
2015 on the application of the AIFMD passport to non-EU AIFMs and
AIFs, and ESMA's opinion on the functioning of the passport for
EU AIFMs and the national private placement regimes. For further
detail, read the
Client Briefing issued by our Asset Management and Investment
Funds Group.
AML
Irish Consultation: The Department of
Finance has published a
Consultation Paper (in conjunction with the Department of
Justice and Equality) on Member State discretions contained in the
Fourth Money Laundering Directive (MLD4) and the
Wire Transfer Regulation. The consultation closes on 4 March 2016.
Key aspects of the consultation relate to whether gambling services
should be exempt on
