Revised Irish Loan Fund Plan Announced

The Central Bank has published a notice of intention to amend the requirements for loan origination Qualifying AIFs as set out in the AIF Rulebook. The outlined change are to come into effect from 3 January 2017 when the Central Bank will publish a revised AIF Rulebook.

Finalising the Investment Firms Rulebook

The Central Bank has published its Feedback Statement in relation to Consultation on Central Bank Investment Firms Regulations 2015 (“Consultation Paper CP 97”). The Statement outlines the various representations made in response to CP97 and the Central Bank’s intended policy approach. The Central Bank intends to publish the Investment Firm Regulations and related Guidance in early 2017.

AIFMD Q&As Address Pension Scheme Arrangements

The Central Bank has issued an updated AIFMD Q&A to address the potential for RIAIFs and QIAIFs to qualify as a “pension scheme arrangement”. The updated Q&A is available in full.

CP 106: Review of Minimum Competency Code 2011

The Central Bank has published a Consultation Paper on the Review of the Minimum Competency Code 2011 (CP106). The proposed changes to the minimum competency standards reflect knowledge and competence requirements outlined in ESMA’s Guidelines for the assessment of knowledge and competence.

Latest Irish Fund Statistics

The Central Bank of Ireland has issued the latest statistics available regarding Irish funds. This includes fund data as well as details relating to new fund launches.