Central Bank Online Reporting System Update

The Central Bank of Ireland's (the "Central Bank") Online Reporting System ("ONR System") is now fully operational and Regulatory Returns (the "Returns") for Irish authorised collective investment schemes ("CIS") are now to be filed through it.

This follows the issuance in May 2012 of Consultation Paper 59, which outlined proposed changes to the regulatory reporting requirements of CIS.

Subsequently, the Central Bank issued a letter to the Board of Directors of CIS in relation to the appointment of a System Administrator in respect of each CIS. CIS System Administrators will be responsible for ensuring that the Returns are filed electronically with the Central Bank. Where delegate System Administrators are appointed, with responsibility for filing a specific Return, the CIS System Administrator must ensure that they have been allocated access to the ONR System and are aware of their responsibilities.