Welcome to the May 2019 edition of Legal News. We at William Fry aim to keep you up to date on legal developments that may affect you or your business.

Here are some of our recently published website articles and insights you may have missed.

• Central Bank of Ireland’s “Dear CEO Letter” on the Fitness and Probity Regime
  The CBI’s recent “Dear CEO Letter” outlines supervisory expectations surrounding regulated financial services providers’ compliance with the Fitness and Probity Regime.
• Beneficial Ownership of Corporate Entities – The New Rules
  As previously reported, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (the “2019 Regulations”) were signed on 22 March 2019.
• After GDPR, a New Regulation to Provide for Free Movement of Non-Personal Data
  On the one-year anniversary of GDPR coming into force, the EU will implement a new regulation on the free flow of non-personal data across the EU as part of the development of the Digital Single Market.
• The Prospectus Regulation, What’s Coming
  On 21 July 2019, the remaining provisions of the Prospectus Regulation (Regulation (EU) 2017/1129) will become effective across the European Union.
• Peppa Pig EUTM victorious over Imposter Pig Mark
  The General Court has dismissed an appeal by trade mark owner, Mr Xianhao Pan in relation to an invalidity action brought by the creators of the infamous ‘Peppa Pig’.
• High Court Guidance on “Non-Identification” Orders in Civil Proceedings Including Medical Negligence Claims
  A recent decision of the High Court illustrates the use of non-identification orders under the Civil Law (Miscellaneous Provisions) Act 2008
• EBA Publishes Final Guidelines on Outsourcing Arrangements
  The EBA have issued revised Guidelines on Outsourcing Arrangements, following a consultation period on a draft version of the Guidelines which ended 24 September 2018.
• No-Deal Brexit Ready? A Q&A for Irish Investment Funds
  The possibility of a no-deal Brexit continues, so too does the preparatory work of promoters of Irish funds and Irish management companies. We have produced a Q&A checklist to assist in conducting a health-check of existing arrangements if a no-deal Brexit were to happen.

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