Technical roundup, 13 March

Mar 12, 2020

Chartered Accountants Ireland

  • Chartered Accountants Ireland has been engaging with some of our key stakeholders around the impact of COVID-19 and potential issues with filing deadlines etc.  We have received a number of responses which are available on our website.
  • The CCAB-I Insolvency Committee recently responded to a public consultation on the Transposition of Directive (EU) 2019/1023 of the European Parliament and Council on preventative restructuring frameworks, insolvency and discharge of debt.  The Directive, which must be transposed by 21 July 2021, aims to reduce barriers for cross border investment, reduce the cost of insolvency and support efforts to reduce non-performing loans. 


  • IAASA recently published a news article which notes that the European Securities and Markets Authority (ESMA) has issued a public statement addressing that market participants have to take in relation to the COVID-19 outbreak in order to preserve investor protection, the integrity of markets and financial stability.   
  • Ian Drennan, Director of Corporate Enforcement, delivered a speech at the International Fraud Prevention Conference in Dublin this week on some observations on fraud in so far as it relates to the ODCE.


  • Accountancy Europe are calling on accountants to take action on climate change. This initiative is being organised by The Prince of Wales’s Accounting for Sustainability Project (A4S).
  • In Accountancy Europe’s Stories from Practice, Eelco van der Enden, Partner at PwC, describes his project to use blockchain and tourist tax to ensure the long-term sustainability of tourist destinations. 
  • The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has launched a Consultation Paper reviewing the transparency regime for non-equity instruments and the trading obligation for derivatives under the Market in Financial Instruments Regulation (MiFIR). 
  • The 12th edition of the ESMA newsletter has been issued which includes its strategy on sustainable finance and recent staff speaking appearances.