October 2020

As you will be aware the Central Bank of Ireland recently completed a thematic review assessing how Fund Management Companies (FMCs) have implemented Central Bank requirements and related guidance in relation to the organisation of FMCs. This framework, which was introduced in 2017 for firms seeking new authorisation and in mid-2018 for existing firms, sets out the standards to be met by these firms in respect of their governance, management, control and resourcing. When the CBI introduced the framework they made clear that they would be reviewing how firms were implementing it. This letter sets out the findings of that review.

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