In line with increased regulatory activity, our monthly Tracker newsletter has become a much longer publication over recent years. We are conscious that this might result in Tracker becoming unwieldy and deviating from its purpose as a short synopsis of key developments, and as a result we have made some changes. Tracker will now cover only key Irish and European (non-jurisdiction specific) developments.
Central Bank Markets Update
The Central Bank published issue 9 of 2015 of its Markets Update which includes:
Umbrella Funds - Cash Accounts Guidance;
Updated UCITS Q&A;
An update to stakeholders on CP86 transition deadlines;
Publication of UCITS V Delegated Regulation; and
CP100: Consultation on Risk Assessment and Capital Planning for Fund Administrators.
European Commission letter to ESMA on application of AIFMD passport
ESMA published a letter it received from the European Commission relating to the application of the EU passport under the AIFMD to non-EU alternative investment fund managers (AIFMs) and alternative investment funds (AIFs).