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 funds (the Consultation). It is proposed that the Framework will apply to fund management companies acting for Irish authorised Undertakings for the Collective Investment in Transferable Securities (UCITS), Alternative Investment Funds (AIFs), Irish domiciled fund management companies acting for non-Irish authorised funds and non-Irish fund management companies acting for Irish authorised funds (each, a Fund Management Company).

The deadline for submitting responses to the Consultation is now less than a month away. Dechert is currently finalising its submission to the Central Bank and continues to seek feedback from industry stakeholders for inclusion in its response....