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Ireland’s Individual Accountability Framework (“IAF”) – What You Need to Know

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

Central Bank of Ireland’s Year-End Approval and Amendment Timeframes for Investment Funds

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

Financial Services Quarterly Report - Second Quarter 2019: Gender Diversity in Asset Management – Does it Make Business Sense?

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

The Central Bank of Ireland issues "Dear CEO Letter" regarding compliance with the Fitness and Probity Regime

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

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