Investment Funds and fund management companies

This subtopic contains the following guidance:

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Practice Note: Hedge funds—Ireland—Q&A guide is a jurisdiction-specific Q&A guide to hedge funds in Ireland published as part of the Lexology Getting the Deal Through series by Law Business Research
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Practice Note: Ireland—Section 110 companies—use and associated tax

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Latest Ireland - Banking & Financial Services News

Economic and Monetary Affairs Committee approves amendment to the CSDR—shortening the settlement cycle for transferable securities

The European Parliament’s Economic and Monetary Affairs Committee has approved an amendment to the Central Securities Depository Regulation (Regulation (EU) 909/2014) (CSDR) that shortens the settlement cycle for securities transactions on trading venues from two business days (T+2) to one business day (T+1). The Committee, which recorded 48 votes in favour and 4 abstentions, noted that the change would reduce risks and improve liquidity, while bringing EU practices into line with global standards. The amendment also allows for same-day settlements (T+0) when possible and exempts certain complex transactions from the T+1 rule. Furthermore, the European Securities and Markets Authority has been tasked with monitoring the transition and assessing the potential for future further shortening of the settlement cycle. These changes are set to take effect from 11 October 2027, subject to final negotiations with the Council.

EBA publishes first part of its 2024 annual report

The European Banking Authority (EBA) has published the first part of its 2024 annual report, detailing the principal activities undertaken under its work programme. In 2024, the EBA completed over 93% of its tasks, focusing on advancing Basel III reforms to enhance bank resilience and strengthen the financial system. The report describes the revision of the Single Rulebook through updated guidelines and technical standards addressing credit, market, and operational risks. It also outlines the integration of sustainable finance into prudential frameworks, in alignment with the European Green Deal, through the publication of guidelines and reports on environmental, social, and governance risks, greenwashing, and scenario analysis. A consolidated version of the annual report, providing a comprehensive account of the EBA’s activities in 2024, has been scheduled for publication by the end of June 2025.

EIOPA calls for clarity in IPIDs relating to natural catastrophe protection

The European Insurance and Occupational Pensions Authority (EIOPA) has published a study analysing the clarity of disclosures in Insurance Product Information Documents(IPIDs) for natural catastrophe (NatCat) coverage in home insurance policies across eight European countries. The study assessed documents provided by insurers and found that while some offered detailed definitions and precise descriptions of natural catastrophe perils, others used ambiguous language and displayed inconsistencies regarding exclusions and optional coverage features. This variability in disclosure may cause consumers to inaccurately assess the extent of their NatCat protection. The study also outlines good practices for insurers to effectively provide information on NatCat coverage and exclusions.

EPC publishes verification of payee (VOP) API reference toolbox (ART) test cases

The European Payments Council (EPC) has published ‘Verification of Payee (VOP) API reference toolbox (ART) – Test Cases document’. The Application Programming Interface (API) Reference Toolbox (ART) is a dedicated test environment developed to assist payment service providers (PSPs) and routing and verification mechanisms (RVMs) in verifying compliance with the EPC's VOP Inter-PSP API specifications. It enables users to test both the requesting (initiator of VOP request) and responding (data provider) roles of the API ecosystem. The Test Cases document outlines a series of both positive and negative test cases designed to validate the VOP solution.

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