European Union: Finance and Banking

How tax transparency rules affect lending to non-Irish limited partnerships with Irish partners. This forms part of the August 2026 Edition of FUNDed

On 5 May 2026, the Central Bank of Ireland (“CBI”) finalised its comprehensive updates and enhancements to Ireland’s regulatory framework for alternative investment funds (“AIFs”), including removing...

Partners Sarah Thompson and Rob Cain examine Article 21c of CRD IV as amended by CRD VI, exploring how new restrictions on third-country institutions providing core banking services into the EU will reshape cross-border operations. The discussion addresses implementation uncertainties, grandfathering deadlines, and strategic considerations for financial institutions navigating the January 2027 compliance horizon.

The EU Retail Investment Strategy is a legislative package which introduces significant changes to the UCITS Directive and AIFMD, as well as MiFID II, the Insurance Distribution Directive and the Solvency II Directive via an omnibus directive (Omnibus Directive).

Dechert's submission to Ireland's Department of Enterprise, Tourism and Employment advocates for comprehensive reform of the Limited Partnerships Act 1907, proposing removal of the 20-partner limit, introduction of a statutory whitelist of permitted activities, and full recognition of the commitment and drawdown capital model to modernize Ireland's private fund structures and enhance competitiveness with global jurisdictions.

Finland is preparing a tax reform to improve flow-through taxation of investments into Finnish regulated funds, expected to be applied as of tax year 2027.

The EU Retail Investment Strategy is a legislative package which introduces significant changes to the UCITS Directive and AIFMD, as well as MiFID II, the Insurance Distribution Directive and the Solvency II Directive via an omnibus directive (Omnibus Directive).

Sweden's Financial Supervisory Authority has approved only one out of seven CASP applications under MiCA, rejecting or withdrawing the rest—a stark contrast to Denmark and Norway's more favorable approval rates.

The Central Bank of Ireland's thematic assessment of the Fitness and Probity regime within the MiFID investment firm sector reveals critical gaps in governance documentation and evidence. Firms are struggling to demonstrate adequate due diligence processes, policy implementation, and Management Responsibility Map compliance. Can your organization withstand regulatory scrutiny of its F&P framework?

Ireland's Department of Finance has unveiled its renewed "Ireland for Finance" strategy, positioning the country as a key player in the EU's Savings and Investments Union while charting an ambitious course for its €5.6 trillion funds and asset management sector through 2030.

Die ESMA hat klargestellt, dass Event Contracts mit binärem Auszahlungsprofil als Derivate unter bestehende EU-Produktinterventionsmaßnahmen fallen und deren Vertrieb an Retail-Kunden EU-weit verboten ist. Unternehmen, die solche Produkte oder vergleichbare Prediction-Market-Instrumente anbieten, müssen ihre Produktklassifizierung, Vertriebskanäle und MiFID-II-Zulassungsstatus dringend überprüfen und dokumentieren.

The European Parliament's Economic and Monetary Affairs Committee has published two draft reports on the Market Integration and Supervision Package that significantly expand the European Commission's proposals, introducing comprehensive direct ESMA supervision over all EU CCPs and CSDs, direct oversight of significant asset management groups, and a statutory competition mandate for ESMA. These far-reaching changes to EU capital markets supervision architecture will fundamentally impact regulated firms' supe