Technical roundup 2 August

Aug 01, 2019

Developments this week are set out below.   

Ireland 

  • The Registrar of Companies has been appointed as the Registrar of Beneficial Ownership of Companies and Industrial & Provident Societies (RBO) with effect from 29 July 2019. Accordingly, the RBO is now open to accept filings via a portal on the RBO website www.rbo.gov.ie.

NI

  • In May 2019 there were over 6,000 registered charities in Northern Ireland, and the Charity Commission for Northern Ireland is continuing to build the register. Guidance has recently been issued to set out what information is available on the register and how to conduct a range of searches.

UK

European

  • The European Banking Authority (EBA) has published an IFRS 9 roadmap providing a com­pre­hen­sive overview of planned mon­i­tor­ing ac­tiv­i­ties on IFRS 9 im­ple­men­ta­tion.
  • The European Securities and Markets Authority (ESMA) has recently updated its Questions and Answers (Q&As) on data reporting under the Market in Financial Instruments Regulation (MiFIR).

 International

  • The International Ethics Standards Board for Accountants (IESBA) has announced the reappointment of Dr. Stavros Thomadakis as IESBA Chairman for a further one-year renewable term commencing 1 January, 2020, which was recently approved by the Public Interest Oversight Board (PIOB).