Events listed in [CBI] Central Bank of Ireland
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 ...
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 ...
CP157 – Macroprudential measures for GBP liability driven investment funds
ID 25918
The Central Bank launched a consultation, proposing to codify and enhance the existing yield buffer measure for GBP LDI funds through Article 25 of the AIFMD. This proposal aims to strengthen the steady-state resilience of GBP LDI funds in response to vulnerabilities highlighted during the 2022 UK government bond market crisis. To address these vulnerabilities, the Bank of England implemented a temporary intervention in ...
Central Bank publishes Individual Accountability Framework Standards and Guidance
ID 25835
The Central Bank has released a Feedback Statement and accompanying Regulations and Guidance in relation to Consultation Paper 153 on Enhanced governance, performance and accountability in financial services in the context of the IAF, following a three-month consultation period. As a reminder, the IAF introduces several pivotal elements aimed at enhancing regulatory oversight within financial institutions. First, the **SEAR will require that firms delineate ...
Returns Receipt Services
ID 25719
The Central Bank requires financial service providers to submit data at specified intervals via the Central Bank Portal. In some exceptional cases, firms may complete their returns via the ONR. This information is used to monitor operations and compliance with legislation and regulations, as well as to produce statistical data. The amount and type of information required by the Central Bank varies between sectors, ...
Central Bank published 48th Edition of the AIFMD Q&A
ID 25606
The AIFMD Q&A, first published on 16 May 2013 by the Irish Central Bank, recently came out in its 48th 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 ...