In its last quarterly Insurance Newsletter of 2024, the Central Bank of Ireland (Central Bank) provided an update that it has revised its Notification Guidance for (Re)insurance Undertakings when Outsourcing Critical or Important Functions or Activities (CIFA) under Solvency II (Guidance).

The annual deadline for employers and trustees to report share scheme activity to Revenue is fast approaching. All share scheme transactions during 2025 must be reported by 31 March 2026.

Following a public consultation WRC has published a Code of Practice for Employers and Employees on the Right to Request Flexible Working and the Right to Request Remote Working.

Plenty of announcements in today’s autumn budget. The Chancellor took an hour to outline all his proposals to the House of Commons, in which he said the government would prioritise ‘Stability, growth and public services’.

The Government Legislation Programme for the Spring 2025 session has been published. The Cabinet has approved 21 bills for priority publication and 29 bills for priority drafting. Priority legislation includes the EU Data Regulation Bill, the Media Regulation Bill and the Protection of Employees (Employers’ Insolvency) (Amendment) Bill.

Two significant European laws have recently come into force which have a significant impact on how bidders from outside the EU, or subsidised by third countries, participate in public procurement processes within the EU.

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

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