Irish Regulatory: asset-management-investment-funds -A&L Goodbody LLP

Irish Regulatory

  • publication

    CBI notice of intention on UCITS side-pocket arrangements

    The Central Bank of Ireland (CBI) issued a Notice of Intention on UCITS Side-Pocket Arrangements.

    Asset Management & Investment Funds
  • article

    Changes to CBI’s list of PCFs - deadline for impacted PCF roles

    The Central Bank of Ireland (CBI) updated the list of Pre-Approval Controlled Functions (PCFs) under the Fitness & Probity Regime. Regulated Financial Service Providers, which include regulated funds (RFSPs) will need...

    Asset Management & Investment Funds
  • article

    CBI Strategy 2021 and a Macro-Prudential Framework for Non-Banks: some points of interest

    The Central Bank of Ireland (CBI) published its new Strategy document (the Strategy) which will be effective from January 2022.

    Asset Management & Investment Funds
  • article

    14 December 2021 | The Central Bank of Ireland fast-tracks the EU Taxonomy filing deadline

    Irish regulated AIFs and UCITS are required by 1 January 2022 under the Sustainable Finance Disclosures Regulation (SFDR) as amended by the EU Taxonomy Regulation to make disclosures in relation to the...

    Asset Management & Investment Funds
  • Article

    CBI Consultation on Borrowing Limits and Redemption Provisions in Irish Real Estate funds

    The CBI issued Consultation Paper (CP 145) on proposals to introduce borrowing limits and guidance on redemption provisions in regulated real estate funds.

    Asset Management & Investment Funds
  • article

    Central Bank issues revised AML/CFT Guidelines

    A revised version of the Central Bank's Anti-Money Laundering and Countering the Financing of Terrorism Guidelines for the Financial Sector (the Guidelines) was published on 23 June 2021.

    Financial Regulation
  • audio

    Does delegation equal outsourcing? Irish funds and CBI draft outsourcing guidance

    The Central Bank of Ireland (CBI) issued a consultation on cross-industry guidance on outsourcing in February. The intention is for the guidance to issue at the end of 2021.

    Asset Management & Investment Funds
  • Article

    New Money Laundering Act 2021

    The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the Act) was signed into law by the President on 18 March 2021. It awaits commencement by the Minister.

    Disputes
  • audio

    Beneficial ownership and Irish investment funds

    There are beneficial ownership requirements relevant for Irish authorised fund management companies and for collective investment schemes structured as companies, ICAVs, unit trusts, CCFs and ILPs.

    Asset Management & Investment Funds
  • publication

    Brexit: Investment funds toolkit

    The EU and UK concluded a Trade and Cooperation Agreement effective from 1 January 2021. There is little in it for financial services and the implications for Irish regulated investment funds are,...

    Asset Management & Investment Funds
  • publication

    Registered AIFMs

     Read our summary of the application process to the Central Bank of Ireland to become a registered AIFM and the conditions a registered AIFM must satisfy and continue to observe.

    Asset Management & Investment Funds
  • publication

    Fund Management Companies guidance – Retrievability of Records

    The Central Bank of Ireland (CBI)'s Fund Management Companies guidance sets out minimum expectations for UCITS management companies, AIFMs, self-managed UCITS and internally managed AIFs minimum expectations with respect...

    Asset Management & Investment Funds
  • article

    CP86 – Conclusions of CBI thematic review of fund management companies’ governance, management and effectiveness

    The Central Bank of Ireland (CBI) has issued an industry letter to all FMCs following the conclusion of its thematic inspection of compliance with its Fund Management Companies – Guidance (Guidance)....

    Asset Management & Investment Funds
  • publication

    Central Bank Deadlines for Pre-Christmas/Year-End Applications 2020

    The Central Bank of Ireland has issued details of its deadlines for receipt of applications:

    Asset Management & Investment Funds
  • article

    Cybersecurity: CBI expectations for funds and fund service providers

    An increase in remote working has brought with it an increase in cybersecurity risks.

    Asset Management & Investment Funds
  • publication

    Irish Investment Funds - business in a pandemic

    Regulated funds and fund service providers established in Ireland have been operating under business continuity measures for over two months now.

    Asset Management & Investment Funds
  • audio

    Undue costs - Pricing process for UCITS and AIFs

    National regulators will expect a written pricing process to be developed in respect of UCITS and AIFs. This is if the ESMA proposal of 4 June 2020 directed at national regulators is...

    Asset Management & Investment Funds
  • audio

    ESMA guidelines on performance fees in UCITS and certain types of AIFs

    The European Securities and Markets Authority (ESMA) has published guidelines on performance fees in UCITS and certain types of AIFs which aim to harmonise EU supervisory practices.  

    Asset Management & Investment Funds
  • Article

    The European Union (Shareholders’ Rights) Regulations 2020 come into operation

    The European Union (Shareholders' Rights) Regulations 2020 (the Irish SRD II Regulations) come into operation on 30 March 2020. This is the Irish implementing legislation for the Second Shareholders' Rights Directive (SRD II).

    Asset Management & Investment Funds
  • Article

    Central Bank of Ireland announces UCITS liquidity questionnaire

    The Central Bank of Ireland (CBI) contacted Irish UCITS management companies on 6 February 2020 to advise that a detailed UCITS liquidity questionnaire will become available for completion in March 2020. Recipients of...

    Asset Management & Investment Funds
  • Article

    New Money Laundering and Terrorist Financing Regulations

    The European Union (Money Laundering and Terrorist Financing) Regulations 2019 (the Regulations) were published on 25 November. The Regulations amend the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (CJA). They are...

    Financial Regulation
  • article

    Updated and consolidated Central Bank UCITS Regulations 2019

    Updates to the Central Bank UCITS Regulations were published by the Central Bank of Ireland (CBI) on 6 June 2019. This follows CBI consultation CP119 which proposed amendments to the Central Bank...

    Asset Management & Investment Funds
  • publication

    Ireland to update its Investment Limited Partnership Act

    The Irish Government has published the Investment Limited Partnerships (Amendment) Bill 2019 (the 2019 Bill) which substantially overhauls the Investment Limited Partnership Act 1994.

    Asset Management & Investment Funds
  • article

    China Bond Connect: Irish UCITS and AIFs

    The Central Bank of Ireland (CBI) completed its review of China Bond Connect and from 21 March 2019 Irish UCITS and AIFs may use Bond Connect. Bond Connect is designed to provide...

    Asset Management & Investment Funds
  • article

    European Union (Anti-Money Laundering: Beneficial Ownership of Trusts) Regulations 2019

    The European Union (Anti-Money Laundering: Beneficial Ownership of Trusts) Regulations 2019 (the Regulations) were signed by the Minister for Finance and came into force on 29 January 2019. The Regulations require trustees of...

    Asset Management & Investment Funds
  • article

    The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018

    The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2018 came into operation on 26 November 2018.

    Asset Management & Investment Funds
  • Article

    CP86 Update

    The Central Bank of Ireland (Central Bank) issued its guidance for fund management companies on managerial functions, operational issues and procedural matters which includes new rules for fund management companies...

    Asset Management & Investment Funds