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ARTICLE · 09 JUNE 2016

Eye on Affiliation: The SBA and Economic Dependence

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The Central Bank of Ireland (the "Central Bank") has been engaged in a body of work to examine and improve fund management company ("ManCo") effectiveness since early 2014.

IrelandFinance and Banking
Barry McGrath
Barry McGrath
Peter Stapleton
Peter Stapleton
Stephen Carty
Stephen Carty
Carol Widger
Carol Widger
Adam Donoghue
Adam Donoghue
Eimear O'Dwyer
Eimear O'Dwyer
Ian Conlon
Ian Conlon
Ciara O'Leary
Ciara O'Leary
John Gallagher
John Gallagher
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The Central Bank of Ireland (the "Central Bank") has been engaged in a body of work to examine and improve fund management company ("ManCo") effectiveness since early 2014.  In June 2016, the Central Bank issued a third consultation paper on Fund Management Company Effectiveness (the "Paper") which is available here.

The Paper addresses managerial functions (primarily regarding the use of designated persons ("DPs")), operational issues (ManCo recordkeeping) and procedural matters (authorisation process for new ManCos). It sets out the work already undertaken by the Central Bank in relation to the governance of ManCos and outlines the proposed approach to compliance and supervision issues.

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