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
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
ESMA published a consultation (the “Consultation”) on draft guidelines for UCITS performance fees (the “Draft Guidelines”) on the 16 July 2019. The objective of the Consultation is to obtain stakeholder feedback on the...more
8/30/2019
/ Broker-Dealer ,
Central Bank of Ireland ,
Draft Guidance ,
European Securities and Markets Authority (ESMA) ,
Investment Adviser ,
Investment Funds ,
IOSCO ,
Ireland ,
Performance Fee Rule ,
Public Consultations ,
Transparency ,
UCITS
The Central Bank of Ireland (the “Central Bank”) on 18 July 2019 published a ‘Dear Chair’ letter to the industry (the “Industry Letter”) highlighting the key supervisory issues identified in a thematic review of Irish...more
On 7 August 2019, the Central Bank of Ireland (the “Central Bank”) issued an industry letter (the “Industry Letter”) regarding the importance of ongoing, effective liquidity management and ensuring compliance with relevant...more
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
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
The Central Bank of Ireland’s CP86 Consultation Process on Fund Management Company Effectiveness has been a hot topic in the Irish funds industry over the last two years. The proposals in their June 2016 CP86 consultation...more