Insights

The European Commission has adopted a proposal for a revised Directive on Security of Network and Information Systems (NIS 2 Directive).

Read our latest factsheet about Data protection as a service

The Investment Firms Regulation EU 2019/2033 (IFR) and Investment Firms Directive EU 2019/2034 (IFD) establishes a tailored prudential framework for investment firms. The new prudential regime applies to investment firms that not systemic by virtue of their size and interconnectedness within the wider financial system, i.e. primarily Class 2 type firms (see the classification criteria in our previous publication). Small and non‐interconnected investment firms may receive regulatory requirement exemption from the competent authorities.

We have outlined below some of the key considerations contained within the Free Trade agreement between the EU and the UK. The agreement allows for tariff free trade between the EU and UK and sets out a new trading relationship between both parties.

The Investment Firms Regulation EU 2019/2033 (IFR) and Investment Firms Directive EU 2019/2034 (IFD) establishes a tailored prudential framework for investment firms. As outlined in our previous publication, the new prudential regime for investment firms applies to class 2 & firms primarily, which are not systemic by virtue of their size and their interconnectedness within the wider financial system.

Business continuity has been considered a priority by many but also neglected by some. The COVID-19 pandemic presents a serious threat to people, businesses and economies across the world and it has taught us that having a robust Business Continuity Management program is key for survival during crisis.

Grant Thornton offers a timely, cost effective, managed iXBRL tagging service for company financial statements and tax returns. If the Irish Revenue or HRMC iXBRL tagging requirements apply to your company then our service could be the solution for you.

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Read our new cyber article Do companies take cybersecurity seriously enough?

Read our latest article on 6 ways to make the web safe for your children

At Grant Thornton, our change management specialists help our clients to understand the impact that change will have on their organisation, completing change impact assessments to clearly establish and document who will be affected by the change and the degree to which they will be impacted.

The ICAV is a corporate vehicle specifically developed for investment funds and is regulated by the Central Bank of Ireland (the ‘Central Bank’). Like an investment company, an ICAV is a corporate entity that is governed by a board of directors and owned by its shareholders.