Central Bank of Ireland Publishes Outcome of Third Consultation on Fund Management Company Effectiveness (CP86)

21-12-2016

Author: Kevin Murphy, Sarah Cunniff, Dara Harrington and Adrian Mulryan



Introduction

The Central Bank has published: (i) its feedback statement on its third consultation on fund management company effectiveness; (ii) details of new rules on the location of directors and designated persons and recordkeeping; and (iii) the final three chapters of its guidance dealing with managerial functions, operational issues and procedural matters.  The rules and guidance are directed at “fund management companies” in Ireland that are authorised by the Central Bank, namely:

  • UCITS management companies;
  • self-managed UCITS investment companies;
  • AIFMs; and
  • internally-managed AIFs.

Read the full briefing here.

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