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Last year saw the Central Bank impose a record level of monetary fines on financial firms and individuals. These fines contributed to the Central Bank's profits increasing by some 59% to €1.32 billion...

Two new pieces of legislation, which have recently been signed into law by the President, change the landscape of consumer complaints and make important changes to the offices of the Financial Services...

On 1 October, the European Securities and Markets Authority ("ESMA") published its final guidelines (the "Guidelines") on the reporting obligations to national competent authorities imposed on Alternative Investment Fund Managers ("AIFMs") under articles 3 and 24 of the Alternative Fund Managers Directive ("AIFMD or the "Directive").

To download our Funds Quarterly Legal and Regulatory Update for the period July to September 2019 click on the Download PDF link above.

We expect to see further developments in this area over the coming year, as the main players in the Irish aviation finance and leasing sector and the Irish funds industry seek out synergies...

The Private Funds Law, 2020 ("PFL") came into force on 7th February, 2020. The PFL requires that certain collective investment scheme arrangements, previously unregulated in the Cayman Islands...

The decision reached by the Supreme Court (Charleton J., Laffoy J. and McMenamin J.) on 16th December, 2015 in Ulster Bank Ireland Ltd. v Rory O'Brien, Danny O'Brien & Michael McDermott has provided some welcome clarity...

On 18 December 2014, the Central Bank published the results of a thematic review in a letter to industry participants that it completed on investment firms subject to the requirements of the European Communities (Markets in Financial Instruments) Regulations 2007.

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

On 14 April 2021, crypto-asset services became subject to regulation in Ireland for the first time. On that date, the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021,...

The European Court of Justice (the "ECJ") has ruled that Article 5(2) of Council Directive 2004/113/EC (the "Directive") is invalid with effect from 21 December, 2012.

On 19 January a Private Members Bill entitled the Consumer Insurance Contracts Bill 2017, which is largely based on the Law Reform Commission's Report on Consumer Insurance Contracts...

On 8 October 2019, EIOPA published the first parallel calculation on the relevant risk free interest rate term structures with reference to the end of September 2019 based on Refinitiv data and an updated version ...

The High Court in O'Donoghue v. Office of The Financial Services and Pensions Ombudsman [2018] IEHC 581 examined findings of the Office of the Financial Services Ombudsman("FSPO") in relation to the voiding of...

Tom Carney of Dillon Eustace tells how Ireland has stepped up its regulatory regime in its insurance sector post the recent economic crisis and outlines how Solvency II will affect the state.

In the landmark decision of SPV Osus Ltd v. HSBC Institutional Trust Services (Ireland) Limited & Ors, the Supreme Court held that the assignment of a right to litigate ...

The dispute between the parties centred on whether the cost of property damage and alternative accommodation, which arose in respect of alleged defective works...

The courts will generally be in favour of alternative dispute resolution and will often encourage parties to resolve disputes by mediation.