Fitness and Probity in the Central Bank of Ireland's Crosshairs
Throughout 2019, the Central Bank of Ireland has been turning up the dial on the need for Regulated Financial Service Providers to adhere to its fitness and probity regime.16 Aug 2019
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Cayman Islands Introduces Data Protection Law
The Cayman Islands' Data Protection Law is currently due to come into force on 30 September 2019.13 Aug 2019
Central Bank Highlights Liquidity Management Obligations
The Central Bank of Ireland ("CBI") issued a letter to all fund management companies on 7 August 2019 ("Letter") with a timely reminder of their ongoing obligations regarding liquidity management and compliance with legislative and regulatory obligations for UCITS and AIFs. This is in the context of the CBI's continuing engagement with industry on Brexit preparedness, and it stated it will have regard to the Letter as part of its future supervisory engagements.09 Aug 2019
ESMA Guidelines on UCITS Performance Fees Consultation
On 16 July 2019, ESMA launched a public consultation on draft guidelines for performance fees in undertakings for UCITS ("Guidelines"). ESMA also asks whether the Guidelines should also apply to alternative investment funds marketed to retail investors. ESMA invites feedback by 31 October 2019.08 Aug 2019
