CBI Funds developments

Insights

Central Bank of Ireland continuing funds developments

Over recent months, the Central Bank of Ireland has been busy adding to Ireland’s fund products offerings. In October, it launched the Loan Originating QIAIF, followed by the Irish Collective Asset Management Vehicle (ICAV) and the Client Asset and Investor Money Regulations. It is expected to follow up on the Consultation Papers it issued last year with further developments, such as CP77 on a UCITS Rulebook, and CP86 Fund Management Company Effectiveness – Delegate Oversight.

Summary of anticipated developments

Companies Act 2014

  • The CBI is expected to issue guidance on whether Irish regulated entities need to convert to a DAC

CP77

  • UCITS Rulebook expected from the Central Bank following thier consultation

CP84

  • Feedback from the Consultation on the adoption of ESMA’s revised guidelines on ETFs and other UCITS issues

CP86

  • Feedback and possible developments following CP86 Fund Management Company Effectiveness – Delegate Oversight

IFIA code of corporate governance for collective investment schemes

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