Bond Connect applications -
The Central Bank of Ireland confirmed on 21 March 2019 that it would begin to accept applications from Irish authorized investment funds to participate in China Bond Connect ("Bond Connect")....more
4/12/2019
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Bond Connect ,
Central Bank of Ireland ,
China ,
Data Protection Commissioner ,
EU ,
Investment Funds ,
Investor Protection ,
Ireland ,
No-Deal Brexit ,
UCITS ,
UK
Central Bank publishes the fifth edition of its investment firms Q&A -
The Central Bank of Ireland published the fifth edition of its Investment Firms Questions and Answers (the “Q&A”) on October 8, 2018, containing an...more
General data protection regulation – Irish funds working group updates -
In July 2018, the Irish Funds General Data Protection Regulation ("GDPR") (Regulation (EU) 2016/679) working group (the "Working Group") issued an...more
10/8/2018
/ Anti-Money Laundering ,
Asset Management ,
Beneficial Owner ,
Central Bank of Ireland ,
EU ,
EU Directive ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
General Data Protection Regulation (GDPR) ,
ICAV ,
Investment Companies ,
Investment Funds ,
Ireland ,
Performance Fee Rule ,
QIAIF ,
UCITS ,
UK Brexit
Central Bank publishes twenty-third edition of UCITS Q&A -
The Central Bank published the 23rd Edition of the Central Bank UCITS Q&A on 5 July 2018. A new question, ID 1002, in relation to UCITS investing in non-UCITS...more
8/7/2018
/ Anti-Money Laundering ,
Asset Management ,
Central Bank of Ireland ,
Derivatives ,
EU ,
Financial Statements ,
Fund Managers ,
Investment Funds ,
Ireland ,
ISDA Master Agreement ,
New Guidance ,
Public Limited Companies (PLC) ,
Public Listing ,
Swaps ,
UCITS ,
UK Brexit
Irish Revenue Guidance on Section 110 -
The Irish Revenue Commissioners (“Revenue”) issued a new Tax and Duty Manual (the “Tax Manual”) on 24 May 2018, setting out the position to deal with some of the uncertainties around...more
6/7/2018
/ AIFM ,
AIFs ,
Amended Rules ,
Anti-Money Laundering ,
Asset Management ,
Beneficial Owner ,
Central Bank of Ireland ,
EU ,
Income Taxes ,
Investment Funds ,
Investment Management ,
Ireland ,
MiFID II ,
New Guidance ,
Tax Reform ,
UCITS
Consultation Paper: amendments to Central Bank UCITS Regulations -
The Central Bank published a Consultation Paper (CP 119) on 29 March 2018, proposing amendments to the Central Bank UCITS Regulations and the consolidation...more
5/10/2018
/ AIFM ,
Asset Management ,
Central Bank of Ireland ,
Consultation Periods ,
Corporate Taxes ,
EU ,
European Securities and Markets Authority (ESMA) ,
Income Taxes ,
Investment Funds ,
Ireland ,
Proposed Amendments ,
Revenue Procedures ,
UCITS
Central Bank Updates AIF Rulesbook for Loan Origination QIAIFs -
The Central Bank released on 14 March an updated AIF Rulebook with amendments in relation to Loan Originating Qualifying Investor Alternative Investment...more
4/3/2018
/ AIFs ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Central Bank of Ireland ,
EU ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
Ireland ,
Loan Originating Qualifying Investor Alternative Investment Funds (L-QIAIFs) ,
MiFID ,
UCITS ,
UK Brexit
New edition of UCITS and AIFMD Q&As published by the Central Bank -
The Central Bank recently published the 28th edition of AIFMD Q&A on the 2 January 2018. A number of new questions have been answered regarding the PRIIPS...more
1/30/2018
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Central Bank of Ireland ,
EMIR ,
EU ,
Financial Services Industry ,
Investment Firms ,
Investment Funds ,
Ireland ,
MiFID II ,
MiFIR ,
Outsourcing ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Risk Management ,
UCITS
As a result of the 2008 financial crisis, and to help make money market funds (“MMFs”) more resilient to the potential for heavy redemptions in times of stress, the European Commission issued a proposal for a regulation on...more
Central Bank Issues FAQ on Brexit -
The Central Bank has issued an FAQ document on Brexit, which provides general information to financial services firms who are considering relocating their operations from the UK to...more
8/8/2017
/ Asset Management ,
Central Bank of Ireland ,
European Securities and Markets Authority (ESMA) ,
Investment Firms ,
Investment Funds ,
Ireland ,
MiFID II ,
Plan Administrators ,
Share Classes ,
UCITS ,
UK Brexit
Central Bank Reviews Outsourcing Arrangements of Fund Administrators -
The Central Bank completed a review on outsourcing carried out by Irish regulated Fund Administrators....more
New Central Bank Investment Firms Regulations 2017 -
The Central Bank published the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2017 on 13 March 2017. The new...more
Central Bank Publishes Feedback Statement on CP105 -
The Central Bank published its Feedback Statement on CP105 on 19 January 2017. CP105 sets out proposed amendments to the Central Bank UCITS Regulations in light of...more
Central Bank Signs Off on CP86 with a Location Rule Compromise -
The Central Bank published its Third Consultation and Feedback Statement on CP86 on 19 December 2016. While the multi-location rule was abandoned, the...more
2/23/2017
/ AIF ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Central Bank of Ireland ,
China ,
Investment Funds ,
Ireland ,
Outsourcing ,
Qualified Investment Funds (QIFs) ,
Stock Connect ,
UCITS
For the past two years, the European Securities and Markets Authority (“ESMA”), Europe’s main securities regulator, has had UCITS share classes in their sights. It has issued two discussion papers on the topic and has now...more
Central Bank Issues "Dear Chairman" Letter Regarding Directors' Time Commitments for Each Sub Fund -
The Central Bank of Ireland issued a “Dear Chairman” letter on 8 September 2016, concerning its review of the number of...more
Investor Money Regulations Update -
The Investor Money Regulations (IMR) became effective on 1 July 2016.
The Irish Funds IMR Working Group is in the process of finalising an IMR Q&A document due to be released...more
7/11/2016
/ Anti-Money Laundering ,
Asset Management ,
Central Bank of Ireland ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Fund Managers ,
Investment Funds ,
Investor Money Regulations (IMR) ,
Ireland ,
UCITS ,
UK Brexit
New Irish UCITS V Regulations -
The European Communities (Undertaking for Collective Investment in Transferable Securities) (Amendment) Regulations 2016 (S.I. 143 0f 2016 ) (the “Regulations”) which transpose UCITS V...more
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....more
Central Bank Management Feedback Statement and Guidance (CP86) -
The Central Bank published its feedback statement on CP86: Fund Management Company Boards (the “Feedback Statement”) and related Guidance on Fund...more
UCITS Q&A Updated -
The Central Bank published a revised UCITS Q&A document (the eighth edition) on Friday 23 October 2015. The updated Q&A provides additional guidance with respect to the transitional provisions for the...more
UCITS Rulebook -
The Central Bank of Ireland announced the issuance of the new UCITS Rulebook on Monday October 5th. It, and the guidance relating to it, are effective 1 November....more
The Central Bank of Ireland (“CBI”) issued an update to its Q&A documents on 15 July 2015 for both UCITS and AIFMD FAQ (“Q&A”) which clarifies how Irish funds can invest in Chinese shares via the Shanghai-Hong Kong Stock...more
Central Bank Update Concerning Fund Management Company Boards
The Central Bank has published a document in relation to Fund Management Company Boards including a feedback statement on CP86 and a new consultation on...more
7/22/2015
/ AIF ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Board of Directors ,
Central Bank of Ireland ,
Companies Act ,
Financial Institutions ,
Fund Managers ,
Investment Funds ,
Ireland ,
UCITS
UCITS: New KIID Q&A -
ESMA published revised Q&A’s on the KIID on 26 March 2015. The Q&A includes a new question on the treatment of past performance information in case of fund mergers....more
4/28/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Investment Funds ,
Memorandum of Understanding ,
MiFID II ,
Money Market Funds ,
Shadow Banking ,
Singapore ,
Swaps ,
UCITS