McCann FitzGerald

Ireland, United Kingdom July 13 2021 On 30 June 2021, the Advertising Standards Authority of Ireland (“ASAI”) published new rules relating to the advertising of High Fat, Salt and Sugar (HFSS) products in non-broadcast media. These rules will be incorporated into the Food and Non-Alcoholic Beverages Section of the ASAI Code of Standards for Advertising and Marketing Communications in Ireland (the “ASAI Code”) and will take effect on 1 December 2021.

The European Commission has announced a further postponement – to 1 July 2022 – of the application date for the draft regulatory technical standards under the EU Sustainable Finance Disclosure Regulation1. The previously anticipated application date had been 1 January 2022. Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector. In a letter to the Ecofin Council and to the Committee on Economic and Monetary Affairs, jointly.

A recent decision of the UK Supreme Court clarifies the scope of the duty of professional advisers and the application of the SAAMCO decision relating to damages in professional negligence claims. In this case,1 Manchester Building Society ("MBS") was a small mutual building society. Grant Thornton ("GT") was its auditor.