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Oct 14, 2024 | 
mondaq.com | Róisín Casey |Marguerite Sinnott |Catherine Carrigy
The Central Bank has also published updated guidance on
completing and submitting new authorisation applications. In an
encouraging development, the checklist states that the Central Bank
will try to accommodate timing considerations of applicants when
considering applications. This important new feature of the
authorisation application evidences the Central Bank taking recent
industry feedback into account and their willingness to align with
the needs of the applicant in terms of launch date.
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Apr 18, 2024 | 
lexology.com | Eoin Caulfield |Ian Murray |Catherine Carrigy |Mike Frazer |Caitlin Lenihan
On 4 April 2024, EIOPA published its finalised supervisory statement on the supervision of reinsurance concluded with third-country (re)insurance undertakings (Supervisory Statement). The Supervisory Statement, accompanied by a useful feedback statement, was the outcome of a consultation process carried out by EIOPA during Q3 2023.
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Apr 17, 2024 | 
mondaq.com | Martha Ní Dhochartaigh |Eoin Caulfield |Ian Murray |Catherine Carrigy
The Commission Delegated Regulation (EU) 2024/896 revising
regulatory technical standards (the Delegated Regulation) was
published in the Official Journal of the European Union on 20 March
2024.
The Delegated Regulation will increase the set base euro amounts
for professional indemnity insurance (PII) and the
required financial capacity for intermediaries specified in the
Insurance Distribution Directive (EU) 2016/97)
(IDD).
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Apr 8, 2024 | 
lexology.com | Eoin Caulfield |Ian Murray |Catherine Carrigy |Martha Ní Dhochartaigh
The Commission Delegated Regulation (EU) 2024/896 revising regulatory technical standards (the Delegated Regulation) was published in the Official Journal of the European Union on 20 March 2024. The Commission Delegated Regulation (EU) 2024/896 revising regulatory technical standards (the Delegated Regulation) was published in the Official Journal of the European Union on 20 March 2024.
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Jan 30, 2024 | 
mondaq.com | Catherine Carrigy |Caitlin Lenihan |Eoin Caulfield |Ian Murray
On 13 December 2023, the Central Bank of Ireland (the
CBI) published its quarterly Insurance Newsletter for Q4 2023
covering a range of topics of note for Irish (re)insurers (the
Newsletter).
In particular, the CBI sets out its key supervisory priorities
for 2024.
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Jan 23, 2024 | 
williamfry.com | Catherine Carrigy |Eoin Caulfield |Caitlin Lenihan
On 13 December 2023, the Central Bank of Ireland (the CBI) published its quarterly Insurance Newsletter for Q4 2023 covering a range of topics of note for Irish (re)insurers (the Newsletter). In particular, the CBI sets out its key supervisory priorities for 2024.
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Dec 19, 2023 | 
mondaq.com | Jack Stokes |Eoin Caulfield |Ian Murray |Catherine Carrigy
On 24 November 2023, the Central Bank of Ireland (CBI)
published a notice of intention confirming that it intends to
recognise sustainability knowledge and competence as part of the
Minimum Competency Code 2017 (MCC), with effect from 1 January
2025.
In summary, the CBI proposes to:
Update the competencies for retail financial products under
Appendix 3 of the MCC to include competencies relating to
sustainability generally for all retail financial products
(including insurance products).
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Dec 12, 2023 | 
mondaq.com | Eoin Caulfield |Ian Murray |Catherine Carrigy
A new European framework for financial services
contracts concluded at a distance has recently been
finalised.
It is set to bring about significant reforms for financial
services concluded online, via telephone or through other forms of
remote marketing. An extensive set of new provisions, in the form
of a directive, was adopted in October 2023 by the European
Council.
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Dec 7, 2023 | 
williamfry.com | Eoin Caulfield |Catherine Carrigy |Martha Ní Dhochartaigh
A new European framework for financial services contracts concluded at a distance has recently been finalised. It is set to bring about significant reforms for financial services concluded online, via telephone or through other forms of remote marketing. An extensive set of new provisions, in the form of a directive, was adopted in October 2023 by the European Council.
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Dec 7, 2023 | 
lexology.com | Eoin Caulfield |Ian Murray |Catherine Carrigy |Martha Ní Dhochartaigh
A new European framework for financial services contracts concluded at a distance has recently been finalised. It is set to bring about significant reforms for financial services concluded online, via telephone or through other forms of remote marketing. An extensive set of new provisions, in the form of a directive, was adopted in October 2023 by the European Council.
