Ireland-Banking & Financial Services analysis: This article was written by A&L Goodbody’s Asset Management & Investment Funds Team. In July, the European Securities and Markets Authority published a supervisory briefing on triangular passporting, and new Directive 2014/65/EU (MiFID II) regulatory technical standards on order execution policies were published in the Official Journal of the EU.

Ireland-Banking & Financial Services analysis: This article was written by A&L Goodbody’s Asset Management & Investment Funds Team. Domestically, two sets of the European Union (Markets in Financial Instruments) Regulations 2017 (MiFID Regulations), SI 375/2017, were published. At European level, the European Securities and Markets Authority (ESMA) published a report on the retail investor journey.

Ireland—Banking & Financial services analysis: This article was written by A&L Goodbody’s Asset Management & Investment Funds Team and discusses how at European level, ESMA launched a call for evidence on the retail investor journey under MiFID II and the Delegated Regulation supplementing MiFIR was published in the Official Journal of the EU.

Ireland—Banking & Financial Services analysis: At European level, Regulation 2025/1215 as regards requirements for securities financing transactions under the net stable funding ratio was published in the Official Journal of the EU. This article was written by the Asset Management & Investment Funds team of A&L Goodbody LLP

Ireland—Banking & Financial Services analysis: This article was written by A&L Goodbody’s Financial Regulation Advisory Team. It covers recent cross-sectoral financial services regulatory developments. There were several anti-money laundering/counter-terrorist financing updates in August. The Central Bank of Ireland (CBI) published the results of a thematic review relating to customer complaints and the Ireland for Finance Strategy 2030 was launched.

Ireland—Banking & Financial Service analysis: This article, was written by A&L Goodbody LLP’s Financial Regulation Advisory team. Domestically, the Central Bank of Ireland publishes guide to submitting DORA major ICT-related incident and significant cyber threat reports. At European level, the European Banking Authority consults on guidelines on ESG scenario analysis.

Ireland-Banking & Financial Services analysis: Domestically, the CBI updated its website in relation to the authorisation process for Retail Intermediaries. At European level, the European Commission updated its list of high-risk jurisdictions.. This article was written by the Financial Regulation Advisory team of A&L Goodbody LLP

The Financial Services Regulatory Initiatives Forum has published its eighth regulatory initiatives grid, aiming to inform stakeholders about the regulatory landscape and help them plan for potential operational impacts over the next 24 months, with an emphasis on reducing regulatory burdens while maintaining financial stability. Although the Forum published an interim update in October 2024, this edition reflects the significant reprioritisation that has taken place since the new Government came to power.

The Financial Services Regulatory Initiatives Forum,  which includes the Bank of England (BoE), the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has published a Q4/2024 interim update of its regulatory initiatives grid (the Grid) following the postponement of the publication of the Grid’s eighth edition due to the election. The Grid has been updated with upcoming publications impacting firms from October 2024 to March 2025, aiming to support post-election planning. The Forum will not be able to provide a complete Grid this year.

The Financial Services Regulatory Initiatives Forum (FSRIF) has published the tenth edition of the Regulatory Initiatives Grid, aiming to inform stakeholders about the regulatory landscape and help them plan for potential operational impacts over the next 24 months. The Grid is published twice a year and sets out the regulatory pipeline at a specific point in time. This edition features 135 live initiatives (a similar number to the last Grid) designed to strengthen the foundations for growth by ensuring financial stability, while also increasing competition, facilitating innovation, boosting consumer confidence and trust and supporting investment.

This is an Act of Parliament which created the Financial Services Authority as the single statutory regulator of financial services in the United Kingdom.

In the specific scenario where an insurer has accepted a claim but disputes the valuation of the monthly benefit payment, the FOS would assess the complaint based on what is, in the opinion of the Ombudsman, “fair and reasonable” in all the circumstances of the case (DISP 3.6.1R, DISP 3.6.2G and, in relation to the FOS’ compulsory jurisdiction, FSMA 2000, s 228(2)). If the complainant challenges the valuation, the FOS would consider all the submitted evidence (which would presumably include any contracts with the insurer) and relevant industry practices