New Regulations for Fund Administrators, MiFID and Other Investment Firms
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.
Establishing an Insurer in Ireland – "Substance" and Outsourcing Requirements
For UK insurers considering an Irish operation post-Brexit, a key question is the level of presence in Ireland. Insurers may want to establish an Irish operation to retain the ability to passport services across the EU. However, the desire will also be to have a robust outsourcing model keeping as much activity as possible within the existing UK infrastructure.