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.
This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.
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