IFSC.ie Features

Frequently Asked Questions on the Employment Wage Subsidy Scheme (EWSS)
29/09/2020 - The Employment Wage Subsidy Scheme replaced the current Temporary Wage Subsidy Scheme (TWSS) for Irish employers from 1st September. The scheme is expected to run until the end of March 2021, and the switch to it will significantly impact many organisations’ payroll services.

Brexit – the Endgame Approaches?
21/09/2020 - The approaching year-end sees the negotiations on the European Union – United Kingdom future relationship move into a potentially difficult and turbulent phase as an eighth round of negotiations begins, with each side cautioning that time is running out.

Lessons from CBI findings on fund management companies have broader application
12/11/2020 - The Central Bank of Ireland has released (27.10.20) the findings that arose from its thematic review which assessed how fund management companies have implemented the Central Bank requirements in this area – termed the CP86 framework.

The IFD/IFR: Getting to Grips with the New Remuneration Rules for Investment Firms
22/10/2020 - The Investment Firms Directive ((EU) 2019/2034) and Investment Firms Regulation (EU) 2019/2033 (IFD/IFR) take effect from 26 June 2021 and will establish a new, tailored prudential regime for MiFID investment firms.

A Level Platform: The P2B Regulation and its Impact on Online Business
23/07/2020 - On 12 July 2020, EU Regulation 2019/1150 (the “P2B Regulation” or the “Regulation”) became directly applicable across the EU. This Regulation aims to provide protection for businesses that rely on third-party online platforms to reach their customers, whilst simultaneously being designed to preserve the business model of the third-party online platforms themselves.

DPC publishes Report and Guidance on cookies following a “cross-sector and cross-size” sweep of website operators
26/05/2020 - The Report is based on a review carried out by the DPC of websites in various sectors in Ireland, including insurance, banking, media, retail and the public sector.

Petition to Appoint an Examiner to New Look Dismissed by the High Court
12/11/2020 - In a judgment delivered on 14 October 2020, the High Court, in refusing to appoint an examiner to New Look Retailers Ireland Limited (New Look Ireland) ruled that it was "entirely premature to consider the appointment of an examiner". New Look Ireland trades under the brand name "New Look" and operates across 27 stores in Ireland.

Cash, card or competition? - The European Payments Initiative for retail payments
29/10/2020 - * A group of 16 major European banks has announced the implementation phase of a new unified payment scheme and solution called the European Payments Initiative (EPI).

COVID 19 tests business interruption insurance
22/10/2020 - As the COVID-19 outbreak initially swept across the globe, disrupting commercial operations and markets on an unprecedented scale, our clients raised many queries regarding the mechanisms available to minimise the risk of contractual breach and substantial financial loss to a business.

Big Four Accounting Firms Enter The ESG Reporting Fray
22/10/2020 - Companies’ attempts to transition to a more socially responsible, sustainable model have long been plagued by the challenge of measuring progress. With no universal reporting formats, businesses have struggled to monitor their environmental, social, and governance (ESG) performance.