Events listed in [CBI] Central Bank of Ireland
CP155 – Consultation on ELTIF chapter in the AIF Rulebook
ID 25605
The Central Bank of Ireland has proposed to update the AIF Rulebook with a dedicated chapter on ELTIFs. The AIF Rulebook, introduced in 2013, serves as a comprehensive guide for the regulation of AIFs and their managers under the AIFMD. The upcoming ELTIF chapter, to be positioned as Chapter 6, will encompass six sections divided into two parts: Part I of the ELTIF chapter ...
Central Bank updated Guidance on Orion applications on Central Bank website
ID 25219
The Irish Central Bank has released updates to various guides related to the ORION application, accessible on its official website. The Central Bank of Ireland uses the ORION system for applications and authorisation processes. ORION is the Central Bank’s online system for regulated firms to submit applications for authorisation and notifications. ORION is used to assess applications based on regulatory criteria by the Central ...
Issue 8 2023 – Crowdfunding Service Providers: updated Questions and Answers ...
ID 25210
The Central Bank has recently updated its Questions and Answers document for crowdfunding service providers, specifically the 3rd Edition from July 2023. This document serves as a valuable resource for industry professionals seeking information and guidance regarding the implementation of Regulation (EU) 2020/1503 on European crowdfunding service providers for business. Within this latest edition, there are several key additions. First, it includes Questions and ...
Central Bank extends knowledge and competence standards for credit unions
ID 25113
The Central Bank of Ireland, in a recent announcement dated 28 September 2023, introduced new requirements for specific activities undertaken by credit union staff. These requirements, collectively referred to as the „Standards,“ encompass the Minimum Competency Code 2017 and the Minimum Competency Regulations 2017. Importantly, these Standards will now apply to all credit union services that fall within their scope. **Credit union staff engaged ...
Discussion Paper 11 – An approach to macroprudential policy for investment ...
ID 24259
The CBI has issued a Discussion Paper titled „An approach to macroprudential policy for investment funds“ and is inviting feedback on various aspects related to this policy framework. These are the key points covered in the Discussion Paper: Objectives and Rationale: The Discussion Paper aims to stimulate discussions on the development and operationalization of a macroprudential framework for the investment funds sector. While macroprudential ...
Crypto and how we can protect the consumer
ID 23133
In a recent speech, Gabriel Makhlouf, Governor of the Central Bank of Ireland (CBI), emphasized the need for regulatory oversight and consumer protection in the rapidly evolving crypto ecosystem. The CBI highlights he urgent need for policy action to address crypto risks. Gabriel Makhlouf supports the recently approved Markets in Crypto Assets Regulation (MiCA), which will establish prudential and consumer requirements for the crypto ...
AIFMD Q&A
ID 22675
The Central Bank of Ireland (CBI) has issued the 47th Edition of its AIFMD Q&A, revising ID 1145 (page 23) on whether RIAIFs or QIAIFs can invest in crypto-assets. The CBI increased limits for indirect exposure to digital assets, allowing open-ended QIAIFs up to 20% of NAV and closed-ended or limited liquidity QIAIFs up to 50% of NAV. The pre-submission process for Qualifying Investor ...
UCITS Q&A
ID 22671
The Central Bank of Ireland (CBI) published the 39th Edition of the UCITS Q&A, updating Q&A ID 1100 (page 17) on whether a UCITS can invest directly or indirectly in digital assets. The update reflects a change in terminology usage and reaffirms the Central Bank’s position, emphasizing that it is highly unlikely to approve a UCITS proposing any exposure to digital assets due to ...
Issue 5 2023 Central Bank confirms application of the recent ESMA statement on the ...
ID 22669
The CBI announces its intention to comply with the recent statement from ESMA (please see eventid=20547) concerning the Derivatives Trading Obligation (DTO) in light of the anticipated migration of CDS contracts away from ICE Clear Europe. This declaration aims to facilitate the smooth transition of positions from ICE Clear Europe to alternative CCPs, given the impending closure of ICE Clear Europe’s credit default swap ...
Information Note on Liability Driven Investment Funds 29 March 2023
ID 22546
The Central Bank of Ireland (CBI) published an Information Note on Liability Driven Investment (LDI) Funds following the UK sovereign bonds market turmoil in September 2022 and its impact on UK pensions and LDI funds denominated in GBP. The CBI engaged with market participants and regulators in the UK and Europe, including CSSF and ESMA, and outlined minimum safeguards for LDI funds. These include ...