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The Central Bank has issued a Brexit FAQ document providing general information to financial services firms who are considering relocating their operations from the UK to Ireland.

The Central Bank of Ireland (the "Central Bank") has issued its latest markets update which includes a revised Process Clarification for updates to UCITS and AIF pre-contractual documents...

The most common category of Irish Fund subject to the Alternative Investment Fund Managers Directive (“AIFMD”), and the fund most used by private capital sponsors, is the Qualifying Investor Alternative Investment Fund (“QIAIF”). A QIAIF is subject to the Central Bank of Ireland’s (“CBI”) AIF Rulebook.

On 19 November, the Central Bank published a two-part paper, entitled "Outsourcing – Findings and Issues for Discussion" arising out of a recent cross-sectoral study of outsourcing activities

ESMA announced today that it will renew the restriction on the marketing, distribution or sale of contracts for difference (CFDs) to retail clients for a further 3 months.

We wrote earlier this year on the temporary exemption from the EMIR central clearing obligation for entities operating pension scheme arrangements (PSAs) in relation to certain types of OTC derivatives.

Prior to the enactment of the Finance Act 2010, Irish regulated funds were required to deduct exit tax when making a payment to an investor unless the funds were in possession of a declaration by the investor to the effect that the investor is either not resident or ordinarily resident in Ireland for tax purposes (non-resident declarations or "NRDs") or is an exempt Irish investor.

Recent developments with regard to CRS (the OECD's "Common Reporting Standard") mean that Irish funds need to take steps now to update their application forms and subscription documents.

Following industry engagement with the Central Bank with regard to the requirement to include a list of transactions with connected parties.

Financial institutions often treat borrowers who invest in property or shares as commercial or business customers.

CP86 - Central Bank of Ireland to focus on organisational effectiveness with emphasis on firms' resources and organisational structures

We wrote on the Crowdfunding Regulation when it was first published in late 2020 and also when it began to apply in November 2021.

ESMA is consulting on potential changes to the CSDR Delegated Regulation on Settlement Discipline to simplify how cash penalties for settlement fails are collected and distributed.

Cyber-security is the responsibility of the board of directors, not that of the IT department, and those who do not take this responsibility seriously could face Central Bank sanctions.

The European Central Bank ("ECB") has launched a consultation on a draft guide (the "Guide") on the notification of securitisation transactions.

We have written about various amendments to the Securitisation Regulation and about the EU's Capital Market Recovery Package.

The European Supervisory Authorities (ESMA, EBA and EIOPA) have issued a Call for Evidence, looking for feedback on potential greenwashing practices across the EU financial sector.