Matheson


News and Insights

Print this page

Search News & Insights


Central Bank of Ireland Responds to Industry Brexit Queries

AUTHOR(S): Tara Doyle, Michael Jackson, Dualta Counihan, Anne-Marie Bohan, Shay Lydon, Liam Collins, Philip Lovegrove, Elizabeth Grace, Oisin McClenaghan, Michelle Ridge, Barry O’Connor, Donal O’Byrne
PRACTICE AREA GROUP: Asset Management and Investment Funds
DATE: 05.03.2019

On 24 January 2019, the Irish funds industry representative association, Irish Funds, made a submission to the Central Bank of Ireland (“Central Bank”) outlining a number of matters to be addressed at a domestic regulatory level in advance of the withdrawal of the United Kingdom (“UK”) from the European Union (“EU”).  These included the continuance of existing appointments of UK investment managers, issues relating to fund revocations and liquidations, UCITS mergers and passporting applications.

The Central Bank has now replied to industry and we have set out in a briefing note the matters upon which the Central Bank has offered some further clarification, issues already addressed by way of earlier communications from the Central Bank, and matters still under consideration.

We welcome the clarity provided by the Central Bank on various points raised by industry. We will continue, through our industry engagements, to seek further clarifications from the Central Bank to assist our clients in preparing for Brexit and implementing their contingency plans.

Please get in touch with your usual Asset Management and Investment Funds Department contact or any of the contacts listed in this publication should you require further information in relation to the material referred to in this update.

BACK TO LISTING



About cookies on our website

Following a revised EU directive on website cookies, each company based, or doing business, in the EU is required to notify users about the cookies used on their website.

Our site uses cookies to improve your experience of certain areas of the site and to allow the use of specific functionality like social media page sharing. You may delete and block all cookies from this site, but as a result parts of the site may not work as intended.

To find out more about what cookies are, which cookies we use on this website and how to delete and block cookies, please see our Which cookies we use page.

Click on the button below to accept the use of cookies on this website (this will prevent the dialogue box from appearing on future visits)