Financial Services Regulation and Compliance - Funds March 2024

Domestic

ELTIF 2.0

The Central Bank of Ireland (CBI) published its new stand-alone European Long Term Investment Fund (ELTIF) chapter in the AIF Rulebook together with ELTIF application forms and updated website guidance enabling the CBI to authorise ELTIFs under domestic fund legislation.

CBI Financial Regulation priorities 2024

The CBI published its Regulatory Supervisory Outlook Report 2024 and related priorities letter addressed to the Minister for Finance which included key risks for funds and fund management companies and key areas of supervisory focus for the CBI.

CBI funds authorisation process and deadlines

The CBI published updates to its funds authorisation process and deadlines.

European

AIFMD II

AIFMD II was published in the official journal of the European Union.

PRIIPs KID

The ESAs published an updated set of consolidated Q&As on the key information document (KID) requirements for packaged retail and insurance-based investment products (PRIIPs).

Money Market Funds

ESMA’s 2023 guidelines on stress test scenarios apply from 6 May 2024.

The Financial Stability Board published a thematic peer review report on money market fund reforms, following its policy proposals of October 2021.

For more information on these topics please contact any member of A&L Goodbody's Asset Management & Investment Funds team.

Date published: 22 April 2024