Central Bank Personnel Update
The Central Bank of Ireland (the “CBI”) announced that Gareth Murphy, Director of Markets Supervision, has resigned his position on 22 August 2016. He will remain with the CBI until November. Mr. Murphy was closely involved in the CP86 reform programme on which the public consultation closed earlier this month.
Central Bank Warnings on Unlicensed Firms
The CBI has issued several warnings in the past month in respect of unauthorised investment firms. The CBI sought to remind consumers that all dealings with an unauthorised investment businesses will not be covered by the investor compensation scheme and that it was a criminal offence for an unauthorised firm to provide financial services. A list of unathourised firms is available on the CBI website, along with accompanying press releases.
Latest Fund Statistics for Ireland
The latest Irish Funds Statistics are available on the CBI website.
CP86 Consultation Period Closes
The CP86 consultation period ended on 25 August. Dechert made a submission to the central bank which will also shortly be available on the CBI website.
