IFSC.ie Funds Features

ESG and The Disclosures Regulation

30/09/2020 - There has recently been an enhanced focus, both at national and international level, on disclosure requirements in respect of sustainability and ESG factors, with a view to allowing investors to make informed investment choices about ESG products.

The Great Switch – Negative prices are forcing Traders to change their Derivatives Pricing Models

23/07/2020 - Amid widespread economic uncertainty and increasingly volatile markets, derivatives traders have seen the prices of underlyings such as oil turn negative – a previously unimaginable scenario.

Venture capital funding falls by 41% to €197m in first quarter

27/06/2019 - Venture capital funding to Irish technology firms fell by just over 40% to €196.8m in the first quarter of 2019 compared to €332m in the same period last year, according to the Irish Venture Capital Association VenturePulse survey published in association with William Fry.

Venture capital funding falls by 47% in third quarter to €170m

09/01/2019 - Investment down by 33% to €546m in first nine months. Figures confirm “significant slowdown in market”

European Commission Proposes Legislation to Facilitate Cross-Border Distribution of Funds

22/05/2018 - On 12 March 2018, the European Commission published draft legislative proposals that are aimed at removing certain regulatory and administrative barriers to the cross-border distribution of investment funds within the EU.

ESMA Clarifies Application of the Benchmarks Regulation to Investment Funds

05/03/2018 - ESMA has issued a second Q&A on the Benchmarks Regulation (BMR) in less than two months that will be of interest to investment funds.

GDPR For Irish Funds - 8 Month Countdown

02/11/2017 - The EU General Data Protection Regulation (GDPR) will take effect on 25 May 2018 and has been described as the most ground-breaking piece of European Union legislation in the digital era.

Third Country Delegation: European Commission Seeks Enhanced Role for ESMA

26/10/2017 - The European Commission (Commission) has recently proposed a number of legislative amendments aimed at further promoting supervisory convergence - one of the key tools in its Capital Markets Union toolbox.

Central Bank UCITS Regulations clarify CP86 location rules and other matters.

17/08/2017 - The Central Bank of Ireland (Central Bank) signed the Central Bank (Supervision and Enforcement) Act 2013

EU Money Fund Reform To Take Effect

01/08/2017 - Following its adoption by the Council of the EU, the Money Market Funds Regulation has been published in the Official Journal of the EU. Therefore, the transition period for the implementation of the Regulation has begun.

Have you KID-proofed your QIAIF?

01/08/2017 - Following its bruising and protracted journey through the EU legislative process, the EU Regulation on Packaged Retail and Insurance-Based Investment Products ("PRIIPs") (EU 1286/2014) (the "Regulation") and related legislation will finally take effect on 1 January 2018.

Supreme Court not Seduced by Third Party Litigation Funding Arguments

22/06/2017 - High Court rejected Third Party Litigation Funding. This case arose as a consequence of the plaintiffs' allegations that there was impropriety in a tender process resulting in the award of a mobile phone licence to Esat Digifone in 1996.

EU Money Fund Reform Reaches Final Stage

10/05/2017 - On 5 April 2017, almost three and a half years after it was first proposed in September 2013, the European Parliament (Parliament) adopted at first reading the Money Market Funds Regulation (Regulation).

ESMA Opinion on UCITS Share Classes

11/04/2017 - The UCITS Directive (2009/65/EC) recognises the possibility for UCITS to offer different share classes to investors, but provides no detail as to the permitted scope of these share classes. As a result, there is no common legal or regulatory framework for establishing share classes throughout the EU.

Central Bank Updates

05/04/2017 - Updates of interest include: Supervisory Priorities - Speaking at two industry events*, Grainne McEvoy, Director of Securities and Markets Supervision set out the Central Bank's 2017 supervisory priorities, together with other planned initiatives, as they relate to Asset Management.

Pressure on for Supervisory Convergence

05/04/2017 - As part of the overall plan toward achieving capital markets union ("CMU"), the European institutions are increasingly focused on the streamlining and convergence of regulation in the asset management and financial services landscape.

New Regulations for Fund Administrators, MiFID and Other Investment Firms

04/04/2017 - The Central Bank (Supervision and Enforcement) Act 2013 (Section 48 (1)) (Investment Firms) Regulations 2017 (the "Regulations") consolidate into one location the requirements that the Central Bank imposes on certain investment firms.

Fourth EU Anti-Money Laundering Directive's Effective Date Looms - Are You Ready?

29/03/2017 - The Fourth EU Anti-Money Laundering Directive (EU 2015/849) (AMLD4) is the latest significant upgrade to the EU legislative programme in the area of anti-money laundering and counter-terrorist financing (AML/CTF).

Ireland Publishes First AML/CTF National Risk Assessment

01/12/2016 - On 7 October 2016, the Department of Finance and the Department of Justice and Equality published the first National Risk Assessment for Ireland (NRA) on money-laundering and terrorist financing (AML/CTF).

ESMA Publishes Final UCITS Remuneration Guidelines

18/11/2016 - As previously reported, in March 2016 the European Securities Markets Authority ("ESMA") published its final report on Guidelines on sound remuneration policies under the UCITS Directive.