CP86 – The Designated Email Address

Having commenced in September 2014, the Central Bank of Ireland (the "Central Bank") finalised its CP86¹ project in December 2016. The objective of CP86 was to introduce initiatives "designed to underpin the achievement of substantive control by fund management companies, acting on behalf of investment funds, over the activities of their delegates."

The process concluded with the Central Bank publishing a:

• feedback statement (the "Feedback Statement") on the third consultation of CP86; and
• paper entitled Fund Management Companies – Guidance (the "CP86 Guidance Paper").

Scope

The new measures apply to Irish authorised fund management companies (capturing UCITS management companies, AIFMs, self-managed UCITS and internally managed AIFs).