4,507 results found

Banks and other financial institutions operate in a highly regulated environment. Issues frequently arise where an institution has breached a regulatory requirement but seeks to enforce its contractual rights.

On 30 May 2013, The European Securities and Markets Authority announced it has approved co-operation agreements between 27 European Union Member State securities regulators who have supervisory responsibility for alternative investment funds.

The European Securities and Markets Authority ("ESMA") has issued an opinion dated 20 November 2012 (the "Opinion") in the context of UCITS’ ability to invest up to 10% of net assets in transferable securities and money market instruments other than those traded on a regulated market, as referred to in Article 50(1) of the UCITS directive.

European securities regulators are launching a comprehensive assessment of crypto-asset service providers' digital operational resilience, with a particular focus on custody activities and distributed ledger technology risks. The exercise will examine how firms manage critical areas including key storage, transaction controls, incident response, and third-party dependencies under the newly enforceable Digital Operational Resilience Act.

On 16 November 2016 ESMA published an updated Q&A on the application of AIFMD.

A UCITS may be established in Ireland as a single fund or as an umbrella fund comprising one or more sub-funds, each with a different investment objective and policy. UCITS are typically established as umbrella funds and the segregation of liability between sub-funds is achieved either by law (as is the case for an investment company or ICAV) or by contract. Each sub-fund may comprise different classes of units or shares. Typically, classes of units or shares are issued to allow for different fee arrangemen

The board of a UCITS ManCo must comprise at least two Irish resident directors, of which one must be independent, and one director from the promoter organisation.

In a welcome move, the European Commission (the "Commission") has agreed an extension to the date of application of the EU Regulation on Packaged Retail and Insurance-Based Investment Products.

The European Commission has published a pre-final Work Programme for 2012.

The Central Bank today has published its feedback statement following the responses of stakeholders to its 2017 discussion paper.

The Financial Services Ombudsman, William Prasifka, has published his office’s latest bi-annual review, covering the period from July to December 2012.

The other question on the PRIIPS Regulation confirms that UCITS are exempt from producing a PRIIPS KID until 31 December 2019.

On 29 March 2019, the European Securities and Markets Authority ("ESMA") published an updated questions and answers document ("Q&As") on the application of EU Directive 2009/65/EC

These proposals will be included in the Central Bank (Amendment) Bill 2019.

The Individual Accountability Framework ("IAF"), introduced in December 2023 is one of the most significant regulatory developments in Ireland in recent years.

On 9 March 2023, the President of Ireland signed the Central Bank (Individual Accountability Framework) Bill 2022 (the "Bill") into law. See our previous update here for a detailed examination...

As it opened its Financial System Conference on 8 November 2023, the Central Bank launched its long-planned Consultation Paper on its approach to innovation engagement in financial services (CP 156).