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ARTICLE · 30 JUNE 2015

Fund Management Company Boards – Latest Update From Central Bank

Dillon Eustace
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The Central Bank of Ireland published on 12 June 2015 a document in relation to "Fund Management Company Boards" which comprised:-

IrelandFinance and Banking
Brian Kelliher
Brian Kelliher
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The Central Bank of Ireland ("Central Bank") published on 12 June 2015 a document in relation to "Fund Management Company Boards" which comprised:-

  1. a Feedback Statement on the Central Bank's Consultation Paper ("CP86") on "Fund Management Company Effectiveness – Delegate Oversight" which was published in September 2014;
  2. a Consultation on Delegate Oversight Guidance;
  3. Guidance on Organisational Effectiveness;
  4. Guidance on Directors' Time Commitments; and
  5. Provisions regarding the next steps of the Central Bank.

As was the case for CP86, the term "fund management company" includes a UCITS management company, an authorised AIFM, a self-managed UCITS investment company and an internally managed AIF and the term "investment company" refers to an investment company or ICAV which has appointed a UCITS management company or an external AIFM.

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