CP86 And Central Bank Regulatory Developments, June 2015

As anticipated in our last briefing, the Central Bank of Ireland ("Central Bank") has issued guidance for industry on a number of aspects of corporate governance for fund management companies. For these purposes, fund management companies include UCITS management companies, alternative investment fund managers ("AIFMs"), self-managed UCITS investment companies and internally managed alternative investment funds. We have summarised these below for you, together with additional updates on Irish regulatory developments which will be of interest.

Our asset management partners are available to speak with you should you require any further detail in relation to these matters. We will be contacting our clients shortly in relation to the impact of some of the more imminent developments outlined in this note.