Central bank investment firms regulations q&a

The Central Bank has once again used its powers to issue regulations in the form of the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2017 (“Investment Firm Regulations”) which it published in March 2017. This follows on from a consultation process, instigated late in 2015.

This amendment was made as a consequence of the publication of the Central Bank (Supervision and Enforcement Act) 2013 (Section 48(1)) (Investment Firms) Regulations 2017. AIFMD Q&A Twenty-fifth Edition: On 15 May 2017, the Central Bank published the twenty-fifth edition of the AIFMD Q&A. A new question ID 1123 related to the designated email On 7 March 2019, the Central Bank has published the seventh edition of its Investment Firms Q&A which includes new Q&As ID 1041 and 1042, in relation to tied agents under the MiFID II Regulations. These Q&As clarify that only EEA MiFID firms can appoint tied agents and that tied agents must be persons established in the EEA. CENTRAL BANK (SUPERVISION AND ENFORCEMENT) ACT 2013 (SECTION 48(1)) (INVESTMENT FIRMS) REGULATIONS 2017 In exercise of the powers conferred on the Central Bank of Ireland (the “Bank”) by section 48 of the Central Bank (Supervision and Enforcement) Act 2013 (No. 26 of 2013) (the “Act”), the Bank, having consulted the Minister for Q&A Twenty-Sixth Edition: On 6 June 2019, the Central Bank issued the 26th edition of the Central Bank UCITS Q&A which includes new Q&A ID 1090, 1091,1092 and 1093 in relation to the Central Bank UCITS Regulations 2019. The Q&A document has also been updated to account for the numbering of the regulations in the Central Bank UCITS Regulations 2019. The Central Bank consulted twice in relation to the regulations, first of all in CP 97 (Investment Firms Regulations) and secondly, in CP 100 (Risk Assessment and Capital Planning for Fund Administrators).

Bank Supervision Guidelines & Regulations Pursuant to The Banks and Trust Companies Regulation Act, 2000, and The Central Bank of The Bahamas Act, 2000, the Central Bank of The Bahamas is responsible for the licensing, regulation and supervision of banks and trust companies operating in and from within The Bahamas.

guidance on the Central Bank Investment Firms Regulations. The Central Bank may request up to date details of all outsourcing arrangements including the impacted investment funds or require additional reporting by fund administrators at any time. ID 1009 Q. The Central Bank’s guidance on outsourcing requirements provides that fund “ Central Bank Investment Firms Regulations ” refers to the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2017 (S.I. No. 604 of 2017). “ Client Asset Regulations ” refers to the Central Bank (Supervision and New Central Bank Investment Firms Regulations The Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2017 (the “CBI IF Regulations”) were signed by the Central Bank Deputy Governor on February 28, 2017 and were subsequently published in Iris Oifigiul on March 7, 2017. Investment business firms authorised under the IIA are required to hold a minimum level of capital. The level of capital required will depend on the authorisation held by the firm. Firms are required to submit capital returns to the Central Bank on a periodic basis. This amendment was made as a consequence of the publication of the Central Bank (Supervision and Enforcement Act) 2013 (Section 48(1)) (Investment Firms) Regulations 2017. AIFMD Q&A Twenty-fifth Edition: On 15 May 2017, the Central Bank published the twenty-fifth edition of the AIFMD Q&A. A new question ID 1123 related to the designated email

On 6 October 2017, the Central Bank published the Third Edition of its Investment Firms Q&A. This replaces the second edition of the Central Bank Investment Firms Regulations 2017 Q&A and contains new questions ID 1026-1031 focusing on MiFID II and the definition of “local firm” as defined in Article 4(1)(4) of the Capital Requirements Regulation.

The Regulations follow upon the Central Bank's Consultation on Central Bank Investment Firms Regulations (CP 97), its Consultation on Risk Assessment and Capital Planning for Fund Administrators (CP100) and the issuance on 7 March 2017 of a "Dear CEO" letter to fund administrators on outsourcing. On 7 March 2017, the Central Bank published regulations amending and codifying the obligations of investment firms with regard to supervisory, reporting and organisational requirements generally and the outsourcing, organisational, own funds and capital adequacy requirements of fund administrators.

The Revised CBI UCITS Regulations require UCITS management companies and depositaries to file a second set of accounts with the Central Bank which covers the full 12 months of the financial year. This obligation has been imposed on UCITS management companies since December 2016 and had previously provided for a two month filing period.

The Revised CBI UCITS Regulations require UCITS management companies and depositaries to file a second set of accounts with the Central Bank which covers the full 12 months of the financial year. This obligation has been imposed on UCITS management companies since December 2016 and had previously provided for a two month filing period. On 6 October 2017, the Central Bank published the Third Edition of its Investment Firms Q&A. This replaces the second edition of the Central Bank Investment Firms Regulations 2017 Q&A and contains new questions ID 1026-1031 focusing on MiFID II and the definition of “local firm” as defined in Article 4(1)(4) of the Capital Requirements Regulation. CENTRAL BANK (SUPERVISION AND ENFORCEMENT) ACT 2013 (SECTION 48(1)) (INVESTMENT FIRMS) REGULATIONS 2017 In exercise of the powers conferred on the Central Bank of Ireland (the “Bank”) by section 48 of the Central Bank (Supervision and Enforcement) Act 2013 (No. 26 of 2013) (the “Act”), the Bank, having consulted the Minister for

Bank Supervision Guidelines & Regulations Pursuant to The Banks and Trust Companies Regulation Act, 2000, and The Central Bank of The Bahamas Act, 2000, the Central Bank of The Bahamas is responsible for the licensing, regulation and supervision of banks and trust companies operating in and from within The Bahamas.

DNB can also lay down additional remuneration rules, as it did in the current Rbb . The updated Rbb only applies to banks, investment firms and premium  Sixth Edition: On 16 January 2019, the Central Bank published the sixth edition of its Investment Firms Q&A containing an additional question ID 1031. Q&A ID 1031 relates to Regulation 5 of the MiFID II Regulations. A. The Central Bank Investment Firms Regulations apply to MiFID investment firms and to certain investment business firms authorised under the Investment Intermediaries Act 1995 as defined in Regulation 2. ID 1002 Q. Does the Central Bank require investment firms which take action to re- guidance on the Central Bank Investment Firms Regulations. The Central Bank may request up to date details of all outsourcing arrangements including the impacted investment funds or require additional reporting by fund administrators at any time. ID 1009 Q. The Central Bank’s guidance on outsourcing requirements provides that fund “ Central Bank Investment Firms Regulations ” refers to the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2017 (S.I. No. 604 of 2017). “ Client Asset Regulations ” refers to the Central Bank (Supervision and New Central Bank Investment Firms Regulations The Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Investment Firms) Regulations 2017 (the “CBI IF Regulations”) were signed by the Central Bank Deputy Governor on February 28, 2017 and were subsequently published in Iris Oifigiul on March 7, 2017.

This amendment was made as a consequence of the publication of the Central Bank (Supervision and Enforcement Act) 2013 (Section 48(1)) (Investment Firms) Regulations 2017. AIFMD Q&A Twenty-fifth Edition: On 15 May 2017, the Central Bank published the twenty-fifth edition of the AIFMD Q&A. A new question ID 1123 related to the designated email On 7 March 2019, the Central Bank has published the seventh edition of its Investment Firms Q&A which includes new Q&As ID 1041 and 1042, in relation to tied agents under the MiFID II Regulations. These Q&As clarify that only EEA MiFID firms can appoint tied agents and that tied agents must be persons established in the EEA. CENTRAL BANK (SUPERVISION AND ENFORCEMENT) ACT 2013 (SECTION 48(1)) (INVESTMENT FIRMS) REGULATIONS 2017 In exercise of the powers conferred on the Central Bank of Ireland (the “Bank”) by section 48 of the Central Bank (Supervision and Enforcement) Act 2013 (No. 26 of 2013) (the “Act”), the Bank, having consulted the Minister for Q&A Twenty-Sixth Edition: On 6 June 2019, the Central Bank issued the 26th edition of the Central Bank UCITS Q&A which includes new Q&A ID 1090, 1091,1092 and 1093 in relation to the Central Bank UCITS Regulations 2019. The Q&A document has also been updated to account for the numbering of the regulations in the Central Bank UCITS Regulations 2019. The Central Bank consulted twice in relation to the regulations, first of all in CP 97 (Investment Firms Regulations) and secondly, in CP 100 (Risk Assessment and Capital Planning for Fund Administrators). The Regulations follow upon the Central Bank's Consultation on Central Bank Investment Firms Regulations (CP 97), its Consultation on Risk Assessment and Capital Planning for Fund Administrators (CP100) and the issuance on 7 March 2017 of a "Dear CEO" letter to fund administrators on outsourcing.