Central Bank to introduce rules for dealing with Fund Errors

On 9 September 2019, the Central Bank of Ireland published a consultation seeking feedback on a proposed set of rules covering the 'treatment, correction and redress of errors in investment funds'. 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.

Click here or on the image below to read the full article. 

 Nessa Joyce Brefing

 

  

 

 

 

 

  

 

 

 

 

 Contributed by: Nessa Joyce.

Twitter

 

Follow us @WilliamFryLaw 

Key Contacts

Patricia Taylor Partner

John Aherne Partner

Related Practice Areas