New Regulations Amending Ireland's Solvency II Regulations Signed into Law

Background

The European Union (Insurance and Reinsurance) (Amendment) Regulations 2021 (2021 Regulations) will come into operation on 30 June 2021, giving effect to Directive (EU) 2019/2177 of the European Parliament and of the Council of 18 December 2019 (2019 Directive).

The 2019 Directive amends the Solvency II Directive (2009/138/EC), the MiFID II Directive (2014/65/EU) and the 4th Anti-Money Laundering Directive (2015/849/EU).

Filed under:
Ireland, Insolvency & Restructuring, White Collar Crime, William Fry, Money laundering, Central Bank of Ireland, MiFID, Solvency II Directive (2009/138/EU)
Authors:
Eoin Caulfield , John Larkin , Ian Murray , Cliodhna Hand
Location:
Ireland
Firm:
William Fry
Publication of New Capital Markets Union Action Plan

On 24 September 2020, the European Commission (the Commission) relaunched its Capital Markets Union project with the publication of its ambitious new initiative,"A Capital Markets Union for people and businesses – new action plan" (the Action Plan). The purpose of the Action Plan is to reduce the current fragmented approach in financial markets and to tackle some of the remaining barriers to a single European capital market.

Filed under:
European Union, Capital Markets, Corporate Finance/M&A, Insolvency & Restructuring, Insurance, William Fry, Brexit, Digital economy, Coronavirus, European Commission, Solvency II Directive (2009/138/EU)
Authors:
John Larkin , Eoin Caulfield , Ian Murray
Location:
European Union
Firm:
William Fry