In its final Insurance Newsletter for 2022, the Central Bank of Ireland (Central Bank) published a particularly useful synopsis of the key prudential risks that it has identified during its risk assessment and scanning process of 2022.

Prudential Assurance Company Ltd (Prudential) and Rothesay Life plc (Rothesay) successfully overturned the English High Court's refusal to sanction the proposed transfer of a portfolio of annuities from Prudential to Rothesay.

On 8 December 2020, the Government published its first "Action Plan for Insurance Reform" in Ireland (the Action Plan). The publication of the Action Plan reinforces the Government's emphasis on insurance reform in its "Programme for Government – Our Share Future" (the Programme for Government) published in June 2020.

While it may seem that we have been talking about the Digital Operational Resilience Act (DORA) since the beginning of time, DORA’s application date finally arrived on Friday, 17 January 2025.

On 6 January 2025, the Screening of Third Country Transactions Act 2023 (“Act”) entered into full force in Ireland, resulting in a new regime requiring mandatory screening of qualifying acquisitions of Irish target assets or undertakings for national security and public order concerns.

On 5 May 2026, the Central Bank of Ireland published its revised AIF Rulebook alongside the CP162 Feedback Statement. The headline change from a fund financing perspective is that the long-standing restriction preventing QIAIFs from providing third-party guarantees has been removed.

On 11 May 2026, the Central Bank of Ireland (CBI) issued a letter to chief executive officers and branch managers of depositaries setting out the findings of its thematic review of depositaries’ obligations to assess, both at appointment and on an ongoing basis, the risks associated with a fund and its fund management company (FMC).

The European Securities and Markets Authority (“ESMA”) has published its final guidelines on funds’ names using ESG or sustainability-related terms (the “Guidelines”).

In the February edition we looked at: ESMA, individual accountability, T+1 Settlement cycle