Welcome to our EU crypto update - a roundup of key Irish and EU legislative and regulatory developments shaping the crypto-asset sector....more
Welcome to our EU crypto update - a roundup of key Irish and EU legislative and regulatory developments shaping the crypto-assets sector....more
Today, the Central Bank of Ireland published the Consumer Protection Code 2025 ("CPC 2025") comprising:
(i) the Consumer Protection Code Central Bank Reform Act 2010 (Section 17A) (Standards for Business) Regulations 2025...more
3/25/2025
/ Central Bank of Ireland ,
Compliance ,
Consumer Protection Laws ,
Corporate Governance ,
Enforcement Actions ,
EU ,
Financial Regulatory Reform ,
FinTech ,
Fraud ,
MiFID ,
Mortgages ,
New Guidance ,
New Regulations ,
Regulatory Requirements ,
Risk Management
DORA is now applicable, imposing requirements in respect of ICT risk management and digital operational resilience.
Firms should be preparing their register of information ready for sharing with the CBI in April....more
1/17/2025
/ Central Bank of Ireland ,
Compliance ,
Cybersecurity ,
Data Security ,
Digital Operational Resilience Act (DORA) ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Information and Communication Technology (ICT) ,
National Competent Authorities (NCA) ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management
On 30 December 2024 the Markets in Crypto-Assets Regulation ("MiCA") became applicable to crypto-asset service providers ("CASPs") as well as offerors and persons seeking admission to trading of crypto-assets in the EU....more
1/17/2025
/ Anti-Money Laundering ,
Central Bank of Ireland ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Market Abuse ,
Regulatory Requirements ,
Stablecoins
The Irish government has been supportive of the development of the financial services sector in Ireland and this extends to fintech. The government’s strategy for the development of Ireland’s international financial services...more
9/27/2024
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Alternative Investment Funds ,
Anti-Money Laundering ,
Artificial Intelligence ,
Blockchain ,
Business Operations ,
Central Bank of Ireland ,
Consumer Protection Laws ,
Crowdfunding ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Diversity and Inclusion Standards (D&I) ,
EIOPA ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
FinTech ,
Individual Accountability ,
Insurance Industry ,
Investment ,
Investment Funds ,
Ireland ,
Popular ,
Regulatory Agenda ,
Research and Development ,
Retail Investors ,
Sustainable Finance ,
Technology Sector ,
UCITS
With the Regulation on Artificial Intelligence (the "AI Act") entering into force in due course, following its publication in the Official Journal of the EU, there has been an increasing focus of supervisory bodies to provide...more
6/25/2024
/ Artificial Intelligence ,
Central Bank of Ireland ,
Compliance ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Fraud ,
Investment ,
MiFID II ,
Risk Management ,
Transparency
On 29 December 2023, the Minister for Finance signed the European Union (Credit Servicers and Credit Purchasers) Regulations 2023 (the "Regulations") into law, thereby transposing the Directive on credit servicers and credit...more
4/16/2024
/ Borrowers ,
Central Bank of Ireland ,
Consumers ,
Credit Agreements ,
Creditors ,
Due Diligence ,
EU ,
European Economic Area (EEA) ,
Exemptions ,
Good Faith ,
Ireland ,
Loans ,
New Regulations ,
Recordkeeping Requirements
Revised Prospectus Regulatory Framework Q&A -
On 7 March 2024, the Central Bank of Ireland (the "Central Bank") published its Prospectus Regulatory Framework – Questions & Answers 2nd Edition (the "Revised Q&A"). This...more
3/21/2024
/ Banking Sector ,
Central Bank of Ireland ,
Commission Delegated Regulation ,
EU ,
Euronext ,
Financial Regulatory Reform ,
Financial Services Industry ,
Global Market ,
Investment ,
Investment Management ,
Investors ,
Ireland
On 30 November 2023, the Central Bank of Ireland (the "Central Bank") published a public statement relating to an enforcement action against an Irish-authorised UCITS ICAV (the "ICAV") which has been reprimanded and fined...more
12/18/2023
/ Central Bank of Ireland ,
Compliance ,
Data Breach ,
EMIR ,
EU ,
ICAV ,
Investment Funds ,
Ireland ,
MiFIR ,
Securities ,
UCITS
Partners Niall Esler and Shane Martin, along with senior associate Conor Daly and trainee solicitor Coleen Wegmann, have authored the Ireland chapter for Global Legal Insights Fintech 2023. They provide an up-to-date summary...more
9/22/2023
/ AML/CFT ,
Anti-Money Laundering ,
Artificial Intelligence ,
Blockchain ,
Central Bank of Ireland ,
Cryptocurrency ,
Cybersecurity ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
Financial Services Industry ,
FinTech ,
Industrial Development Agencies (IDAs) ,
Investment Funds ,
Ireland ,
Sustainable Finance ,
UCITS
On 20 April 2023, the European Parliament adopted the Markets in Crypto Assets Regulation ("MiCA") and the Regulation on Information accompanying transfers of funds and certain crypto-assets ("TFR") by passing its final vote....more
Substantial changes to Irish whistleblowing law will be introduced by the Protected Disclosures (Amendment) Act, 2022 (the “Amendment Act”) on 1 January 2023.
Protection for whistleblowers is not a new concept in...more
12/1/2022
/ Anti-Money Laundering ,
Confidentiality Policies ,
Criminal Liability ,
Disclosure Requirements ,
EU ,
Financial Services Industry ,
Ireland ,
Protected Disclosures ,
Terrorist Financing ,
Whistleblower Protection Policies ,
Whistleblowers