Welcome to the October 2019 edition of our monthly update from the Asset Management & Investment Funds team.
In this month’s edition we examine the Central Bank’s consultation on a proposed set of rules for the ‘treatment, correction and redress of errors in investment funds’ along with other topical updates. The consultation, which is open until 9 December 2019, poses a series of questions to industry on a proposed approach to the development of a regulatory framework in this area.
Currently, there is no formal Irish regulatory regime for the treatment of errors in investment funds. This consultation, therefore, represents the first step by the Central Bank in the establishment of a set of rules and requirements to govern how funds and their management companies should address fund errors.
Please click here or on the image below to access the full update.
Contributed by: Nessa Joyce
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