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The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 came into effect on 15 July 2010 and was amended by the Criminal Justice Act 2013.

On 25 February 2014, the Central Bank of Ireland published its planned series of Themed Reviews and Inspections for 2014, as well as its 2014 Enforcement Priorities.

On 1 February 2016, ESMA issued an updated UCITS Q&A to address certain questions relating to the implementation of the UCITS V Directive.

Britain is currently the largest financial services centre in the world, according to the Global Financial Centres Index of March 2016.

The FATCA is US legislation designed to enable the IRS to obtain information about the income of US persons from financial institutions outside the US.

The Central Bank is currently in the process of carrying out on-site inspections to confirm that certain companies (including funds) are in compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, (the "CJA 2010"), particularly with respect to the customer due diligence obligations and internal policies and procedures including training.

Ireland has emerged as a favoured location for special purpose vehicles that are used in many financial transactions including securitisation, asset repackaging and financing transactions.

It is now over a year since the ISE extended the scope of its successful GEM to investment funds in response to industry concerns relating to the impact and application of the SAD to those funds...

The Central Bank has provided guidance as to whether EUTs, REITS and SPVs should be considered to be AIFs.

For further information on any of the issues discussed in this article please contact the related contact(s) on this page.

The Central Bank’s 2013 updated Outline of the Administrative Sanctions Procedure was introduced to advise and assist a regulated entity faced with investigation.

The Department of Finance has published a consultation paper to discuss proposed draft legislation, the Consumer Protection on the Sale of Loan Books Bill 2014.

The Irish Stock Exchange has issued a revised version of its "Code of Listing Requirements and Procedures – Investment Funds", which sets out the suitability conditions, disclosures and ongoing reporting requirements for open ended funds.

Ireland has become a domicile of choice for asset managers seeking to establish regulated funds for distribution worldwide.

The terms "best endeavours", "reasonable endeavours" and "all reasonable endeavours" are commonly used by solicitors in the drafting of agreements.

The Criminal Justice Act, 2013, which amends the Criminal Justice Act 2010 was signed into law on the 12th June 2013.

The Central Bank of Ireland has recently issued the Central Bank Act 2013 Regulations 2015.