The Front Page, Asset Management & Investment Funds: Central Bank Deadlines for Pre-Christmas/Year-End Applications
Central Bank Deadlines for Pre-Christmas/Year-End Applications
The Central Bank of Ireland (Central Bank) has issued details of its deadlines for receipt of applications:
- for approval of funds and sub-funds applications that have pre-Christmas or pre year-end approval deadlines (this includes self-managed/internally managed investment company applications and risk management processes); and
- for approval of post-authorisation amendments that have pre-Christmas or pre year-end authorisation approval or noting deadlines.
Normal timeframes apply for QIAIF authorisations and filings until Wednesday 21 December. QIAIF filing deadlines for the Christmas period are detailed below.
The Central Bank has requested specific details of applications which have pre-Christmas or pre-year end approval deadlines to be lodged with it by close of business on Friday 7 October 2016 so please let us know if you are considering any such application.
Deadlines for Pre-Christmas / Year-End Applications
|
Funds / Post-Authorisation |
Deadline for receipt |
|
FUNDS AND NON FAST-TRACK SUB-FUNDS (this deadline also applies to self-managed/internally managed investment company/ICAV applications and risk management processes). |
Friday 14 October |
| FAST-TRACK* SUB-FUNDS | Friday 11 November |
| POST-AUTHORISATION – MAJOR ITEMS | Friday 14 October |
| POST-AUTHORISATION – ALL OTHER ITEMS | Friday 11 November |
*A fast-track system can be used for clone fund and sub-fund applications and non-complex sub-funds established by way of supplement.
QIAIF Filings - Manual Applications - Normal timeframes apply until 21 December
| FOR AUTHORISATION / APPROVAL / NOTING ON: | Deadline for Receipt |
| 23 December | 3pm on Wednesday 21 December |
| 28 December* | 3pm on Thursday 22 December |
| 3 January** |
3pm on Friday 30 December |
*Wednesday 28 December is the first day after Christmas that funds may be authorised.
**Tuesday 3 January is the first day in 2017 that funds may be authorised.
QIAIF Filings - Automated applications (i.e through ORION) - Normal timeframes apply until 21 December
| FOR AUTHORISATION / APPROVAL / NOTING ON: | Deadline for receipt |
| 23 December | 5pm on Wednesday 21 December |
| 28 December* | 5pm on Thursday 22 December |
| 3 January** |
5pm on Friday 30 December |
*Wednesday 28 December is the first day after Christmas that funds may be authorised.
**Tuesday 3 January is the first day in 2017 that funds may be authorised.
QIAIF Change of Service Provider Filings ("COSPs")
| Effective Date | Deadline for Receipt |
| 28 December 2016 - 2 January 2017 | Monday 19 December |
UCITS and RIAIF Authorisations/Approvals/Notings
Executed documentation for authorisations/approvals/notings required on 23 December must be recevied by 3pm on Thursday 22 December.
REVOCATIONS
Funds seeking to revoke at end of December 2016 must submit a complete revocation application, including payment of the funding levy, by close of business Monday 19 December.
Individual Questionnaire (IQ) Filings
Normal timeframes apply until 25 November.
| IQ Applications type | DEADLINE FOR RECEIPT of completed applications |
| IQs relating to QIAIFs | Friday 5 December |
| IQs relating to Other Fund Types and Fund Service Providers | Monday 25 November |
For more information please contact Nollaig Greene or a member of the Asset Management & Investment Funds Team.
Date published: 27 September 2016