In parallel with the well-publicised enhancements to the European Long Term Investment Fund ("ELTIF") regime through Regulation 2023/606/EU (the "ELTIF 2.0 Regulation"), the Central Bank of Ireland (the “Central Bank”) has...more
On 10 November 2023, the Central Bank of Ireland (the “Central Bank”) sent a communication to the Irish funds industry outlining the timeframes for receipt of:
QIAIF authorisations / approvals / notings and change of...more
The Central Bank (Individual Accountability Framework) Act 2023 was signed into law on 9 March 2023 (the “Act”). The Act amends several pieces of legislation relating to the Central Bank of Ireland’s (“Central Bank”)...more
Introduction -
The Central Bank (Individual Accountability Framework) Act 2023 (the “Act”) was signed into law on 9 March 2023. The Act amends several existing pieces of legislation2 and is amongst the most significant...more
The Central Bank of Ireland (the “Central Bank”) sent a communication to the Irish funds industry on 1 December 2021, outlining the timeframes for receipt of: (i) QIAIF authorisations / approvals and notings; (ii) ICAV...more
On 28 September 2020, the Central Bank of Ireland (the “Central Bank”) sent a letter to the Irish funds industry outlining the timeframes for receipt of: (i) new fund applications; and (ii) post-authorisation amendments that...more
On 14 November 2019, the Central Bank of Ireland (the “Central Bank”) launched its Administrative Sanctions Guidance (the “Guidance”), accompanied by a key-note speech by Derville Rowland, the Director General of Financial...more
12/4/2019
/ Board of Directors ,
Central Bank of Ireland ,
Consultation Papers ,
Cooperation ,
Corporate Governance ,
Fund Management Companies ,
Investor Protection ,
New Guidance ,
Personal Liability ,
Regulatory Oversight ,
Sanctions ,
Self-Reporting ,
Senior Executive Accountability Regime (SEAR) ,
SMCR ,
Transparency
In September 2019, the Central Bank of Ireland (the Central Bank) published CP130, a consultation paper on the proposed regulatory framework (the Framework) for the treatment, correction and redress of errors in investment...more
11/14/2019
/ AIFs ,
Asset Management ,
Central Bank of Ireland ,
Corrective Actions ,
Fund Management Companies ,
Fund Managers ,
IMF ,
Investment Funds ,
Investors ,
IOSCO ,
Ireland ,
Money Market Funds ,
Notice Requirements ,
Public Consultations ,
Reporting Requirements ,
UCITS
On 16 September 2019, the Central Bank of Ireland (the “Central Bank”) sent a letter to the Irish funds industry outlining the timeframes for receipt of (i) new fund applications and (ii) post-authorisation amendments that...more
9/20/2019
/ AIFM ,
Applications ,
Central Bank of Ireland ,
Filing Deadlines ,
Fund Managers ,
ICAV ,
Investment Funds ,
Investment Management ,
Ireland ,
QIAIF ,
RIAIF ,
UCITS ,
UK Brexit
On 23 July 2019, the Central Bank of Ireland (the “Central Bank”) revised its guidance on UCITS Financial Indices (“Guidance”), clarifying the circumstances where an index certification is now not required....more
The Irish Government recently commissioned a report on gender balance in Irish businesses (Report)1, prepared by the review group Balance for Better Business2. The Report found that in a country where, in 2019, just one in...more
On 8 April 2019, the Central Bank of Ireland (the “CBI”) issued a Dear CEO Letter (the “Letter”) to the management of all regulated financial services firms (“Regulated Firms”) highlighting what it believes is a lack of...more