Financial Services Regulation & Compliance - Funds May 2018


Central Bank AIFMD Q&A

The CBI published the Thirtieth Edition of the Central Bank AIFMD Q&A. Q&A 1083, which concerns loan originating QIAIFs (LOQIAIFs) and reporting obligations under the Central Credit Act 2013, has been updated.  

Irish Funds GDPR Working Group

The Irish Funds GDPR Working Group published its fourth bulletin which outlines industry discussion on GDPR with the Data Protection Commissioner, Helen Dixon, and the Deputy Commissioner, Dale Sunderland.

Updated Revenue Guidance for investment undertakings

The Irish Revenue Commissioners issued an updated e-brief on Investment Undertakings.

Updated FATCA/CRS self-certification forms

The Irish Funds FATCA/CRS Working Group updated the Irish Funds FATCA and CRS self-certification forms for both individuals and entities. 


Revision of depositary safekeeping duties under AIFMD and the UCITS Directive

The European Commission issued  draft amending regulations in respect of safekeeping duties of depositaries for AIFs and safekeeping duties of depositaries for UCITS funds. The draft regulations set out detailed requirements where custody is delegated to a third party .

ESMA's register of EU authorisations.

ESMA launched a new companies' register which hosts information including whether UCITS management companies and AIFMD fund managers (including funds managed/marketed in the EU) are authorised within in the EU.

ESMA Q&A on the UCITS Directive

ESMA updated its Q&A on the application of the UCITS Directive to include a new Q&A on the application of remuneration disclosure requirements to staff of the delegate of a UCITS ManCo to whom investment management functions (including risk management) have been delegated.

Money Market Fund Regulation reporting templates

Commission Implementing Regulation (EU) 2018/708 laying down implementing technical standards for the template to be used by managers of money market funds for reporting to competent authorities was published in the Official Journal of the EU.

For further information please contact a member of the Financial Regulation team.

Date Published: 8 June 2018