Events listed in Ireland
Edition 2023, Issue No: 103
ID 26560
On 26 December 2023, the S.I. No. 644/2023 – European Union (Credit Servicers and Credit Purchasers) Regulations outlining the regulatory framework for credit servicing and credit purchasing activities within the European Union was publised for the purpose of giving effect to Directive (EU) 2021/2167 (NPLD). The regulations cover various aspects including **authorization requirements for credit servicers, cross-border credit servicing activities, obligations of credit p ...
S.I. No. 630 of 2023
ID 26327
S.I. No. 630 of 2023, the European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2023, issued under the authority of section 3 of the European Communities Act 1972 (No. 27 of 1972) has the objective to further implement Directive 2011/61/EU (AIFMD) of the European Parliament and of the Council of 8 June 2011. The regulations specifically target the **amendment of paragraph (7A) of Regulation ...
S.I. No. 629 of 2023
ID 26291
S.I. No. 629 of 2023 – European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2023, outlines regulatory amendments enacted by the Minister for Finance in accordance with the powers vested in him by section 3 of the European Communities Act 1972. The purpose of these amendments is to align the UCITS Regulations with EU Directive 2009/65/EC (UCITS Directive) of the European ...
Industry Letter – 2022 ESMA Common Supervisory Action on Asset Valuation
ID 26269
The Central Bank of Ireland conducted a review of Asset Valuation as part of the ESMA’s CSA in 2022. The purpose of the review was to assess whether Irish Fund Management Companies comply with the UCITS and AIFM Directives/Regulations with respect to asset valuation, adhere to valuation principles and methodologies, and evaluate the effectiveness of their policies and procedures during the COVID-19 pandemic. The ...
S.I. No. 565 of 2023
ID 25973
S.I. No. 565 of 2023 was published under the long title „CENTRAL BANK (SUPERVISION AND ENFORCEMENT) ACT 2013 (SECTION 48(1))(UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES) (AMENDMENT) REGULATIONS 2023“, outlining amendments to the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1))(Undertakings for Collective Investment in Transferable Securities) Regulations 2019 (S.I. No. 230 of 2019). These amendments cover the **requirements ...
Central Bank publishes 40th Edition of the UCITS Q&A
ID 25957
The 40th version of the UCITS Q&A was published, offering comprehensive guidance on Central Bank UCITS Regulations in Ireland, covering establishment, management, and compliance. Key points of the Q&A document include legal notification, depositary obligations, and disclosure specifics like rebate arrangements. It defines directed brokerage and outlines UCITS management company requirements, emphasizing board documentation and evaluations. Transitional arrangements ...
Central Bank published 49th Edition of the AIFMD Q&A
ID 25951
The AIFMD Q&A, first published on 16 May 2013 by the Irish Central Bank, recently came out in its 49th Edition. This Q&A aims to address anticipated questions related to the implementation of the AIFMD, providing guidance until definitive positions and practices are established. Not intended for assessing regulatory compliance, the Q&A is accessible through ‚Markets Update‘ and the Central Bank website, subject to ...
Central Bank publishes updated Minimum Capital Requirements Reporting Template for ...
ID 25940
The Central Bank has released two updated Minimum Capital Requirements Reporting Templates for AIFMs and UCITS Management Companies. The revised MCR incorporates changes to Article 17(6) of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 and Regulation 10(5) of the European Union (Alternative Investment Fund Managers) Regulations 2013. These amendments ensure that **own funds of a UCITS Management Company or ...
Central Bank publishes Feedback Statement to Consultation Paper CP152 – Own Funds ...
ID 25938
The present Feedback Statement addresses responses to Consultation Paper 152 and outlines revisions to the own funds requirements for UCITS Management Companies and AIFMs. The Central Bank acknowledges stakeholders‘ concerns about the lack of detail in the proposal and aims to balance the costs for authorised entities with the benefits of appropriate and proportionate requirements. The Central Bank has revised the own funds requirements ...
Central Bank publishes updated AIF Rulebook setting out additional capital ...
ID 25936
The Central Bank has published an updated AIF Rulebook, following a consultation (CP 152), which sets out additional capital requirements for AIFMs authorized to provide individual portfolio management services. The AIF Rulebook outlines the rules for Retail Investor AIFs, and the definitive rules for each Retail Investor AIF will be set out in its letter of authorization. The AIF Rulebook also outlines the **types ...