On 17 April 2025, the Central Bank of Ireland published its latest UCITS Q&A (42nd Edition).
The Q&A contains its updated policy position regarding portfolio transparency requirements for exchange traded funds ("ETFs")...more
Welcome to the January - March 2025 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds.
This report covers key dates and developments during the quarter, such...more
4/17/2025
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Central Bank of Ireland ,
Digital Operational Resilience Act (DORA) ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
Investment Management ,
Regulatory Reform ,
Regulatory Requirements ,
UCITS
On 15 April 2024, the Alternative Investment Fund Managers Directive II (AIFMD II) as regards delegation arrangements, liquidity risk management, supervisory reporting, the provision of depositary and custody services and...more
Subject to certain requirements, a QIAIF may now guarantee the obligations of third-party entities in respect of investments and/or intermediate vehicles in which the QIAIF has a direct or indirect economic interest. This is...more
3/13/2025
/ Alternative Investment Funds ,
Central Bank of Ireland ,
EU ,
Financial Services Industry ,
Investment ,
Investment Funds ,
Investment Management ,
Private Funds ,
QIAIF ,
Regulatory Requirements ,
Risk Management ,
Third-Party
The Platform on Sustainable Finance has published its report on categorisation of products under SFDR ahead of the European Commission's proposal for review of the SFDR, expected in Q4 2025.
ESMA released new Q&As...more
2/28/2025
/ Asset Management ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Investment Funds ,
Ireland ,
Regulatory Agenda ,
SFDR ,
Sustainability
Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds....more
On 22 November 2024, the Department of Finance ("DoF") launched its public consultation on the exercise of the national discretions in Directive (EU) 2024/927 amending AIFMD (2011/61/EU) and the UCITS Directive (2009/65/EC),...more
Welcome to the January – March 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for Asset Management and Investment Funds.
This report covers key developments during the quarter, such as: ...more
4/17/2024
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Central Bank of Ireland ,
ELTIF ,
EMIR ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
ESA Listings ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
MiFIR ,
Regulatory Agenda ,
UCITS
On 30 November 2023, the Central Bank of Ireland (the "Central Bank") published a public statement relating to an enforcement action against an Irish-authorised UCITS ICAV (the "ICAV") which has been reprimanded and fined...more
12/18/2023
/ Central Bank of Ireland ,
Compliance ,
Data Breach ,
EMIR ,
EU ,
ICAV ,
Investment Funds ,
Ireland ,
MiFIR ,
Securities ,
UCITS
Regulation around ESG investment in Ireland is evolving rapidly with developments from the Central Bank of Ireland, European Commission and ESMA building an increasingly sophisticated regulatory backdrop.
Our summary of...more
11/10/2023
/ Asset Management ,
Central Bank of Ireland ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
European Commission ,
European Supervisory Authorities (ESAs) ,
Fund Managers ,
Governance Standards ,
Green Bonds ,
Investment Funds ,
Ireland ,
MiFID II ,
Price Inflation ,
SFDR ,
Sustainable Finance
Welcome to the July – September 2023 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds.
This report covers key dates and developments during the quarter, such...more
10/18/2023
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Client Assets ,
Cryptocurrency ,
Data Protection ,
Deadlines ,
ELTIF ,
EMIR ,
Environmental Social & Governance (ESG) ,
ESRB ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Conduct Authority (FCA) ,
FSB ,
Investment Adviser ,
Investment Funds ,
MiFID ,
MiFID II ,
Outsourcing ,
Privacy Framework ,
Regulatory Requirements ,
Sustainable Finance ,
UCITS
Yesterday, ESMA published a risk analysis report outlining the results of its disclosure study on ESG names and claims in the EU funds industry.
ESMA utilised natural language processing ("NLP") techniques to analyse the...more
10/4/2023
/ Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Greenwashing ,
Investment ,
Investment Funds ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
UCITS ,
UK
On 18 July 2023, the Central Bank of Ireland (the "Central Bank") published its latest discussion paper entitled "An approach to macroprudential policy for investment funds" (the "Paper"). The purpose of this Paper is to...more
In this quarter's edition of the legal and regulatory report, we include a number of key outputs from ESMA, including its updates to Q&As on the application of the AIFMD and the UCITS Directive (outlined at sections 1.2 and...more
7/14/2023
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Beneficial Owner ,
Central Bank of Ireland ,
Disclosure Requirements ,
ESRB ,
European Banking Authority (EBA) ,
European Commission ,
European Parliament ,
European Securities and Markets Authority (ESMA) ,
Filing Deadlines ,
Financial Markets ,
Investment Funds ,
IOSCO ,
SFDR ,
UCITS
On 24 May 2023, the European Commission (the "Commission") adopted and published its retail investment strategy ("RIS") a key tenet of its Capital Markets Union Action Plan (the "CMU Action Plan"). One of the core objectives...more
6/28/2023
/ Capital Markets ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Services Industry ,
Investment ,
Investment Funds ,
Proposed Legislation ,
Proposed Regulation ,
Retail Investors
Welcome to the January – March 2023 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds.
This report covers key dates and developments during the quarter under...more
4/21/2023
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Companies Registration Office (CRO) ,
ELTIF ,
EMIR ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Stability Board ,
Investment Funds ,
MiFID ,
Money Market Funds ,
National Competent Authorities (NCA) ,
SFDR ,
UCITS ,
UK
On 20 March 2023, the revised European Long-Term Investment Funds Regulation (EU) 2023/606 (the “Regulation”) was published in the Official Journal of the European Union, entering into force on the twentieth day following...more
On 31 May 2022, the European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2022 were published in Iris Oifigiúil and will come into operation on 1 January 2023. The...more
7/15/2022
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Asset Valuations ,
Belarus ,
Economic Sanctions ,
EU ,
European Central Bank ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
IOSCO ,
Notice of Intent ,
Outsourcing ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Russia ,
Sustainable Finance ,
UCITS ,
Ukraine
On 1 July 2022, the Central Bank provided an update relating to the pre-submission process it has in place for certain Qualifying Investor Alternative Investment Funds (“QIAIFs”). Going forward this process is only required...more