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 delegate oversight Guidance as well as publication of new guidance regarding organisational effectiveness and directors time commitments.
Read: Fund Management Company Boards 2015
Central Bank Issues Updated Q&A Concerning the Companies Act 2014
The Central Bank has issued an update in relation to the Companies Act 2014 confirming that it will not require UCITS management companies, alternative investment fund managers, AIF management companies, fund administrators, depositaries and investment firms which are companies to convert to Designated Activity Companies (‘DACS’) on the basis of its view that corporate structuring is a matter for each entity.
Read: Updated Q&A
Revised UCITS Q&A Issued
The Central Bank published a fifth edition of the UCITS Q&A on 12 June 2015. The UCITS Q&A, which sets out answers to queries likely to arise in relation to UCITS in order to assist in limiting uncertainty, has been updated to address disclosure of past performance in KIIDs relating to the period prior to when an entity redomiciled to Ireland.
Read: UCITS Q&A 5th Edition - 12 June 2015
Updated AIF Rulebook Issued
The Central Bank published the latest version of the AIF Rulebook on 12 June 2015, which is the Central Bank’s rulebook in relation to AIFs and which contains chapters concerning Retail Investor AIF, Qualifying Investor AIF, AIF Management Companies, Fund Administrators, Alternative Investment Fund Managers and AIF Depositaries.
Read AIF Rulebook - June 2015
Updated Q&A for the AIF Rulebook Issued
The Central Bank published a thirteenth edition of the AIFMD Q&A on 12 June 2015, which sets out answers to queries likely to arise in relation to the implementation of the AIFMD and which is published in order to assist in limiting any uncertainty until definitive positions and practises are finalised. Existing responses have been revised and a new query addressed.
Read: AIFMD Q&A 13th Edition - 12 June 2014
