ARTICLE · 01 MARCH 2016

Investment Funds Update: Increased Focus On Regulatory Compliance

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The Central Bank of Ireland (the "Central Bank") published its programme of themed inspections (the "Programme") on 14 December 2015.

IrelandFinance and Banking

Fionán Breathnach

Rowena Fitzgerald

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The Central Bank of Ireland (the "Central Bank") published its programme of themed inspections (the "Programme") on 14 December 2015. The Programme reflects a number of supervisory priorities for 2016 and builds upon the supervisory work in 2015 in the areas of cyber security, operational risk and pricing of investment firms.

The Programme

The twelve planned themed inspections of the Programme will involve a review of the following:

Outsourcing Arrangements: this will involve a review of service level agreements and operational arrangements with outsourcing providers for investment firms, fund managers and fund service providers.
AIFM adherence to Programme of Activity.

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