On 28 April 2021, IRE GVT issued amendment to EU (Markets in Financial Instruments) Regulations to implement EU Dir 2020/1504, effective 10 November 2021. Provides that the regulations do not apply to crowdfunding service providers.
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UK – Parliament National Security, Investment Act
On 29 April 2021, UKP announced bill received royal assent, following agreement by both Houses on text of the bill, therefore the bill is now an act of parliament (law). New act intended to modernize UK GVT powers to investigate, intervene in potentially hostile foreign direct investment, while promoting UK as attractive place to invest.…
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Ireland – GVT Beneficial Owner Regulations
On 27 April 2021, IRE GVT issued beneficial ownership regulations. IRE GVT issued EU (anti-money laundering: beneficial ownership of trusts) regulations. Follows 30 June 2021 IRE GVT issue of rules on certain financial vehicles. Summary The regulations implement the rules in article 31 of directive 2015/849 of European Parliament and Council of 20 May 2015,…
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