Guidance Regarding Cash Accounts for UCITS and AIF Umbrella Funds
The Central Bank of Ireland (the “Central Bank”) issued guidance on cash accounts for UCITS and AIF umbrella funds on 22 December 2015.
Updated UCITS Q&A
The Central Bank published an eleventh edition of the UCITS Q&A on 22 December 2015.
CP100: Consultation on Risk Assessment and Capital Planning for Fund Administrators
The Central Bank issued a Consultation Paper on 22 December 2015 regarding proposed Central Bank Regulations and Guidelines to apply to Fund Administrators. The consultation period is open until 15 March 2016.
Irish Funds and Common Reporting Standards (“CRS”)
The Irish Funds CRS Working Group published an Information Note on self-certification at account opening on 17 December 2015.
European Long-Term Investment Funds (ELTIF) Regulations Implemented
The European Union (European Long-Term Investment Funds) Regulations 2015 were signed into effect in Ireland on 9 December 2015. The Central Bank has confirmed that it is ready to accept ELTIF applications. Further details are available on the Central Bank website.
