On 8 December 2020, the Government published its first "Action Plan for Insurance Reform" in Ireland (the Action Plan). The publication of the Action Plan reinforces the Government's emphasis on insurance reform in its "Programme for Government – Our Share Future" (the Programme for Government) published in June 2020.

While it may seem that we have been talking about the Digital Operational Resilience Act (DORA) since the beginning of time, DORA’s application date finally arrived on Friday, 17 January 2025.

On 6 January 2025, the Screening of Third Country Transactions Act 2023 (“Act”) entered into full force in Ireland, resulting in a new regime requiring mandatory screening of qualifying acquisitions of Irish target assets or undertakings for national security and public order concerns.

The European Securities and Markets Authority (“ESMA”) has published its final guidelines on funds’ names using ESG or sustainability-related terms (the “Guidelines”).

In the February edition we looked at: ESMA, individual accountability, T+1 Settlement cycle

Stay ahead of upcoming deadlines and key dates with our legal & regulatory tracker.

On 14 November 2022, the Central Bank of Ireland (the ‘CBI’) published an information note ‘Sustainable finance and the asset management sector: Disclosures, investment processes & risk management’ (the ‘Note’).

Provisions strengthening the powers of Ireland’s corporate watchdog, the Corporate Enforcement Authority (CEA), contained in the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (2024 Act), came into operation on 3 December 2024.

Directors of regulated financial services providers face an ever-increasing array of obligations, including under the Central Bank (Individual Accountability Framework) Act 2023 (the “IAF Act”). Given the potentially serious consequences for directors if they fail to comply with their duties (e.g. fines, disqualification, imprisonment), it is vital that directors understand and can document compliance with their legal and regulatory obligations.