With respect to activity on the legal and regulatory agenda for
asset management and investment funds, the Asset Management Team at
Matheson would like to brief you on a number of recent and upcoming
Irish and European developments.
Central Bank Publishes Investor Money Regulations
Following industry negotiations, the Irish Investor Money
Regulations have now been published by the Central Bank of Ireland
(the "Central Bank"). These regulations seek to
protect client assets and are applicable to fund service providers
including administrators, custodians, transfer and registration
agents. The rules have been introduced on a statutory
footing, and will come into effect on 1 April 2016. At a
Central Bank industry forum held on 20 May 2015 at which Matheson
attended, the Central Bank's Client Asset Specialist Team
(CAST) noted that it will work with the dedicated Irish Funds
Industry Association ("IFIA") client asset working group
to deal with practical issues
