Technical roundup 3 August

Aug 02, 2018

Developments of interest this week are outlined.

ROI

  • Reminder: Dublin Metropolitan District Licensing Court; Annual Licensing 2018 – Auditor’s / Accountant’s report - new report agreed.
  • The CRO have issued their regular gazette.

UK

  • The Financial Reporting Council (FRC) has issued a report which highlights good practice and scope for improvements in audits of pension obligations. The FRC note that they focussed on the quality of audit of pension balances and related disclosures in 51 of its audit inspections in 2017/18 and found that in almost half, improvement was required in at least one aspect of the audit work, as well as identifying areas of good practice. Read more and access the report here.
  • The Prudential Regulation Authority (PRA) has issued a consultation paper in which it sets out its proposed rules for a technical correction to the Solvency II firms: Insurance General Application Part of the PRA Rulebook, along with some consequential changes and minor administrative amendments related to the extension of the Senior Managers and Certification Regime to insurers. This consultation closes on Monday 1 October 2018 and the consultation paper is available here.

International