Arthur Cox Monthly Highlights

SEAR

In June, we covered the Senior Executive Accountability Regime (SEAR), which took effect on 1 July, 2024 for regulated entities such as banks, insurers and investment firms. It will be extended to other entities in due course.

SEAR mandates that in-scope firms clearly define and allocate responsibilities within their senior management. In this video, Robert Cain , Head of our Financial Regulation Group, reviewed the main changes that SEAR brings. For more information on the Individual Accountability Framework (IAF) and SEAR, visit our dedicated resource page here: Individual Accountability and SEAR - Arthur Cox LLP

Fully Covered Podcast Series - The impact of IAF/SEAR on Directors and Officers Insurance

Emma Leonard ACII from Coverys invited Stephen D'Ardis , Of Counsel with our Insurance Group, to join her on the podcast series "Fully Covered" to discuss the IAF and SEAR as well. In the podcast, Stephen shared insights into the impact of the new regulations on Directors' and Officers' insurance, and offered some guidance as to what firms should do to ensure their D&O insurance remains appropriate.

Data Protection Commission 2023 Annual Report

The Data Protection Commission Ireland (“DPC”) recently released its 2023 Annual Report, revealing another busy year for the authority. Following several cross-border and national inquiries, the DPC issued a number of record fines and corrective orders and by the end of 2023, it had imposed fines totalling €1.55 billion. Our Data Protection, Privacy and Cyber Group summarised the key points from the report here:

CJEU Video Series

In June, we released the final video in our CJEU Video Series, with Aoife Coll and Vivian Spies discussing two recent CJEU decisions in which the ECJ considered liability and fines for breaches of the GDPR:

Career Journeys at Arthur Cox

Our very popular "Career Journeys at Arthur Cox" series also continued last month. In these videos, our people share their career journeys to date, the changes they have seen in their working lives as well as the impact of mentorship on their careers. In June, we shared two videos: from Sophie Frederix , Partner, Corporate and M&A and Katie Crimmins , Senior Business Development Manager:

For any questions on the content included in this newsletter, you can contact us at [email protected] .

The material contained in this newsletter is for general information purposes only and does not constitute legal or other professional advice. Specific legal advice should be sought on any particular matter. Any and all information is subject to change without notice. No liability whatsoever is accepted by Arthur Cox LLP for any action taken in reliance on the information in this newsletter.