Central Bank Of Ireland Clarifies Fund Authorisation Procedures

The Central Bank of Ireland ("Central Bank") has published updates to its website including guidance relating to fund authorisation processes and procedures ("Guidance"). The publication of the Guidance forms part of the Central Bank's broader project to review fund authorisation processes, which will be completed during the course of 2022.

Approval of Non-EU Investment Managers

The Guidance amends the process for the approval of UCITS and AIF investment managers and investment advisers by setting out a new online process for the clearance of non-EU based investment managers. The new process now involves:

• submission of applicant details (as required under the pre-existing process) via the Central Bank's online reporting system (ONR);