On 28 February 2025, the Central Bank of Ireland (Central Bank) published its 2025 Regulatory and Supervisory Outlook report (RSO).| WILLIAM FRY
On 28 June 2023, the European Commission published its proposals for the future of EU payment services regulation including PSD3 and PSR.| WILLIAM FRY
On 28 February 2025, the Central Bank of Ireland (Central Bank) outlined its new approach to supervising regulated financial services firms.| WILLIAM FRY
Ulster Bank was successful in appealing a High Court judgment which upheld a decision of the Financial Ombudsman relating to tracker mortgages.| WILLIAM FRY
Welcome to the February 2025 edition of Legal News. Here is a selection of our recent publications.| WILLIAM FRY
February 2025 updates include DORA ICT incident reporting requirements, a CBI cost questionnaire, and ESMA's 2024 report on EU retail investment product costs and performance.| WILLIAM FRY
Welcome to the December 2024 edition of our Legal News podcast.Here is a selection of our recent publications, including podcasts recorded by our knowledge lawyers, Tara Rush and Gail Nohilly, discussing developments in the auto-enrolment retirement savings systems and fines imposed on a payment institution by the Central Bank.| WILLIAM FRY
William Fry's Financial Regulation team examines ESMA's recent statement related to a European Commission Q&A on the provision certain crypto-asset services relating to non-MiCAR-compliant ARTs/EMTs.| WILLIAM FRY
The Central Bank's November 2024 Cross Sectoral Guidance seeks to increase the transparency of the authorisation process for all firms seeking to be authorised and regulated by the Central Bank.| WILLIAM FRY
On 15 October 2024, the Minister for Finance, Jack Chambers, launched the National Payments Strategy for Ireland, which considers payment-related matters, including the continuing role of cash in society, payment resilience, fraud, and the future of payments.| WILLIAM FRY
William Fry's Financial Regulation team looks at a recent enforcement action against a payment institution which was penalised for safeguarding and other failures.| WILLIAM FRY
On 25 September 2024, the Central Bank of Ireland announced that its first Innovation Sandbox Programme, which is themed combatting financial crime, is open for applications.| WILLIAM FRY
William Fry's Financial Regulation team examines the template key facts document (KFD) for applicants for authorisation as a crypto-asset service provider (CASP) under MiCAR.| WILLIAM FRY
Welcome to the November 2024 edition of our Legal News podcast. Here is a selection of our recent publications, including podcasts recorded by our knowledge lawyers, Aisling Doran and Jane Balfe, discussing a case dealing with the complexities of insolvency and arbitration law and the recently launched National Payments Strategy.| WILLIAM FRY
We look at the joint Consultation Paper from ESMA and the EBA on two sets of draft Guidelines covering the suitability assessment of members of the management body and members with qualifying holdings of issuers of ARTs and of crypto-asset service providers.| WILLIAM FRY
We examine the Irish Department of Finance's exercise of national discretions under the Markets in Crypto-Assets Regulation (MiCA).| WILLIAM FRY
William Fry's Fintech and Financial Regulation teams look at recent MiCA developments and FSB rules for crypto-assets.| WILLIAM FRY
On 30 May 2023, at a Blockchain Ireland event, Gerry Cross, Director of Financial Regulation, Policy & Risk in the Central Bank of Ireland, spoke about the Markets in Crypto-Assets Regulation (MiCA), its implementation from next year, and other related topics.| WILLIAM FRY
William Fry's Financial Regulation team examines recent updates on the authorisation of Crypto-Asset Service Providers in Ireland under the Markets in Crypto Assets Regulation.| WILLIAM FRY
The Government Legislation Programme for the Autumn 2024 session has been published. The Cabinet has approved 29 bills for priority publication and 32 bills for priority drafting. Priority legislation includes the Protection of Employees (Employers’ Insolvency) (Amendment) Bill, the Remediation of Defects in Apartments and Duplexes Bill and the Energy Performance of Buildings Bill.| WILLIAM FRY
Here is a selection of recent publications and podcasts contained in our May 2024 edition.| WILLIAM FRY
We look at recent updates on the Regulation of Markets in Crypto-Assets (MiCA).| WILLIAM FRY
Here is a selection of recent publications contained in our September 2024 edition of Legal News.| WILLIAM FRY
In this Part 2 follow on article, we elaborate in more detail on areas for importance for (re)insurers and intermediaries.| WILLIAM FRY
In this article, our Insurance team review and deal with some key themes affecting the insurance industry and intermediaries.| WILLIAM FRY
William Fry's Financial Regulation team looks at the background to and actions arising from a Central Bank Dear CEO Letter to MiFID investment firms, credit institutions and fund management companies providing MiFID II services to retail clients.| WILLIAM FRY
William Fry's Financial Regulation team examines key themes highlighted by the Central Bank in its recent Dear CEO Letter on MiFID II Marketing Communications Requirements. The Dear CEO Letter was addressed to MiFID investment firms, credit institutions and fund management companies providing MiFID II services to retail clients.| WILLIAM FRY
Here is a selection of recent podcasts and publications contained in our October 2024 edition of Legal News.| WILLIAM FRY
William Fry's Financial Regulation team looks at recent Central Bank remarks on the evolving approach to combatting financial crime under the EU AML package.| WILLIAM FRY
October 2024 updates across procedural changes for submissions to the CBI portal, proposed limited partnerships reform, updates on the Overseas Funds Regime, the streamlined process for implementation of the ESMA naming guidelines and the Irish Funds submission on macroprudential policy for investment funds.| WILLIAM FRY
The European Commission has released its proposal for the Digital Euro. We consider some of the key aspects.| WILLIAM FRY
The Central Bank of Ireland recently updated its Markets in Crypto Assets Regulation (MiCAR) web page to include further detail on the authorisation process under MiCAR and a frequently asked questions document.| WILLIAM FRY
September 2024 updates across sustainable finance, macroprudential policy for investment funds, T+1 settlement cycles, and passporting notification procedural changes.| WILLIAM FRY
William Fry's Financial Regulation and Fintech teams look at each of ESMA and the EBA's second batch of MiCA consultation packages.| WILLIAM FRY
William Fry's Financial Regulation and Fintech teams look at recent ESMA communiqués on MiCA to Member States, national competent authorities and market participants.| WILLIAM FRY
Here is a selection of recent publications and podcasts contained in our July 2024 edition of Legal News.| WILLIAM FRY
The European Parliament formally approved the Markets in Crypto-Assets Regulation (MiCA) on 20 April 2023. It is now time for crypto firms to prepare for MiCA's new common rules on crypto-assets, which include supervision, consumer protection and environmental safeguards. In this briefing, William Fry provides an overview of MiCA.| WILLIAM FRY
From 30 December 2024 crypto-asset service providers will require authorisation to operate within the EU.| WILLIAM FRY
Here is a selection of recent publications contained in our August 2024 edition of Legal News.| WILLIAM FRY
William Fry's Financial Regulation team examines some recent developments regarding the rollout of the Eurosystem's Digital Euro project.| WILLIAM FRY
William Fry's Financial Regulation team examines some recent updates regarding EU Level 2 and 3 measures under the Regulation on Markets in Crypto Assets (MiCAR).| WILLIAM FRY
We discuss discuss the Central Bank update on the impact of MiCA on VASPs and the commencement of the Representative Actions for the Protection of the Collective Interests of Consumers Act 2023.| WILLIAM FRY
William Fry's Financial Regulation team examines a recent Central Bank of Ireland update on the Markets in Crypto Assets Regulation (MICAR) authorisation process.| WILLIAM FRY
On 2 May 2024, the Central Bank of Ireland signalled a change in its approach to registering Virtual Asset Service Providers (VASPs) / authorising Crypto Asset Service Providers (CASPs) in Ireland.| WILLIAM FRY
In this briefing, we break down the revised MiFID authorisation process and outline the steps required for authorisation.| WILLIAM FRY
Welcome to the June 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
Welcome to the July 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
Central Bank MiCAR Authorisation and Supervisory Expectations for CASPs .| WILLIAM FRY
We look at the Central Bank’s view on the key trends and risks facing the financial sector, along with its regulatory and supervisory priorities.| WILLIAM FRY
Welcome to the May 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
Welcome to the April 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
Welcome to the March 2024 edition of our Asset Management & Investment Funds Update.| WILLIAM FRY
We look at CP158 - The Central Bank Consultation Paper on its proposals to revise the Consumer Protection Code.| WILLIAM FRY