European Commission Launches MiCAR Review
The European Commission has opened a targeted consultation on MiCAR closing 31 August 2026.
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The European Commission has opened a targeted consultation on MiCAR closing 31 August 2026.
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The Central Bank of Ireland proposes new guidance on enhanced liquidity levels aiming to improve MMF market resilience.
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We examine key policy proposals from the DETE's recent consultation on reforms to the Limited Partnerships Act 1907.
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The Central Bank of Ireland published its revised AIF Rulebook on 5 May 2026 together with a feedback statement to CP162.
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Streamlined Central Bank authorization process for Loan originating AIFMs to comply with AIFMD 2.0 by 16 April 2026
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The European Commission published its long-awaited SFDR 2.0 proposal on 20 November 2025
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The Central Bank of Ireland has clarified the restrictions on Qualifying Investor Alternative Investment Funds providing third-party guarantees.
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As part of a new series dealing with key insights based on our experience acting on fund finance transactions, we consider some of the fund feature...
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ESMA has responded to the European Commission proposal to make a series of changes to the draft RTS published by ESMA in December last year.
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In Q3 to date, national, EU and international policymakers have published a range of proposals to address financial stability concerns arising from...
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The proliferation of generative Artificial Intelligence in recent months brings with it new risks and opportunities for the Financial Services sect...
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Commission opines on key SFDR concepts including sustainable investments, climate benchmark trackers and emission reduction funds.
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On 24 March 2023, the Central Bank published its findings from the 2021 UCITS CSA on costs and fees
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Welcome to the March 2023 edition of our Asset Management & Investment Funds Update.
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Analysis of the impact for fund management companies of the Central Bank's proposed individual accountability framework.
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Here is a selection of our recent publications on subjects that may affect you or your business.
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Welcome to the July 2022 edition of our Asset Management & Investment Funds Update.
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IOSCO has published the much-anticipated follow up to its 2013 ETF Principles in the form of a consultation on supplementary good practices.
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On 5 April 2022, the Central Bank of Ireland made further changes to its list of Pre-Approval Controlled Functions (PCFs) under its Fitness and Pro...
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Welcome to the March 2022 edition of our Asset Management & Investment Funds Update.
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In our first Asset Management & Investment Funds Update of the year, we analyse the key dates and deadlines in 2022 to assist funds' and fund manag...
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As part of the transition to financing a more sustainable economy, the Central Bank of Ireland has advised of its role in tackling climate change. ...
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On 23 May 2022, the Revenue Commissioners (Revenue) published a new Tax and Duty Manual, VAT treatment of depository services and global custody se...
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A number of significant enhancements to the Irish investment limited partnership product are set out in draft legislation which was published on 20...
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Legislation designed to facilitate the cross-border distribution of funds is to be signed into law on 20 June 2019 with key measures expected to be...
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See our analysis of the Central Bank's key Q1 publications impacting Irish property AIFs.
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Significant enhancements to the Irish Investment Limited Partnership will be introduced at the beginning of January 2021
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We have created a table which sets out, in summary, the principal impacts of a no-deal Brexit on Irish fund management companies and Irish funds in...
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The possibility of a no-deal Brexit continues, so too does the preparatory work of promoters of Irish funds and Irish management companies. We hav...
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On 11 March 2020, the AMF published a Position - Recommendation entitled 'Information to be provided by collective investment schemes incorporating...
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The Summer legislation programme has been published by the government. The programme includes 34 bills for prioritisation.
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Read our FAQ on the new disclosure rules for reporting the environmental performance of activities and investments, as published for consultation b...
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See our analysis of ESMA guidelines for cloud outsourcing arrangements which take effect from 31 July 2021.
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Our Asset Management & Investment Funds Partner, Vincent Coyne, spoke to 'Ignites Europe' about asset managers setting up Irish entities as part of...
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On 13 December 2019, IOSCO published recommendations for the measurement and monitoring of leverage in investment funds.
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The Investment Firms Directive and Investment Firms Regulation (IFD/IFR) will become applicable for MiFID authorised investment firms from 26 June ...
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Ireland has recently modernised its Investment Limited Partnership fund structure with the aim of providing a flexible and tailored regime able to...
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The legislative programme for the forthcoming spring Oireachtas session has been published by the Government Chief Whip, Jack Chambers TD.
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On 21 April 2021, the EU published the first of two planned sets of performance criteria for environmentally sustainable activities under the Taxon...
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On 3 April 2020, ESMA published its Guidelines on performance fees in UCITS and certain types of AIFs (the Guidelines). The Guidelines will apply ...
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our September edition.
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On 15 March 2021, the ESAs launched a consultation on compliance standards for the SFDR disclosure rules for green funds introduced by the Taxonomy...
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The EU Cross-Border Distribution of Funds legislation first comes into effect for UCITS managers and AIFMs on 2 August 2021. In this briefing we an...
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COVID-19 poses profound business and operational resilience challenges for regulated financial services providers. The William Fry Financial Regula...
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Final deadlines for the exchange of initial margin for non-centrally cleared derivatives to be delayed by one year
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The last two days has seen Spain, France, Italy and Belgium introduce temporary restrictions on net short positions on shares
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On 25 May 2022, a second SFDR Q&A from the Commission was published which is highly likely to impact both fund management companies' approach to co...
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On 14 September 2018, the Central Bank of Ireland (CBI) issued the eagerly awaited feedback statement on its Discussion Paper on exchange traded fu...
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On 21 March 2019, the Central Bank issued a positive response to the Irish Funds' submission on Bond Connect and set out the conditions for an Iris...
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The Central Bank has published its findings following a thematic inspection of investment firms and fund service providers' management of cybersecu...
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On 20 October 2020, the Central Bank published findings from its review of fund management companies' implementation of the rules and guidelines un...
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The Central Bank of Ireland (CBI) has published its Strategic Plan for the next three years.
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In this briefing we review the recent prohibition by the Central Bank of a director of a regulated firm for breaches of the Fitness & Probity Stand...
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The Report sets out the CBI's main findings from its review of regulated firms' outsourcing activities and outlines the CBI's minimum supervisory e...
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Following on from our June briefing (ESMA supports targeted review of corporate debt and property funds) the Central Bank has begun contacting UCIT...
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Regulators' interest in the development of a more comprehensive macroprudential framework for funds is not new, however, the current crisis would s...
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In this briefing we consider the impact of Brexit, whether hard or soft, on funds' use of UK benchmarks including the possible consequences for LIB...
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The UK and EU have agreed a Memorandum of Understanding in relation to future cooperation on financial services following three months of talks sin...
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Welcome to the September edition of our Asset Management & Investment Funds Update.
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Welcome to the our extended 'Legal & Regulatory Update' for December 18 and January 19.
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Welcome to our July edition of the Asset Management & Investment Funds monthly update.
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Welcome to the April 2022 edition of our Asset Management & Investment Funds Update.
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The Sustainable Finance Disclosure Regulation is now in effect. In this briefing, we examine its impact on the insurance industry.
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ESMA has issued a statement outlining its decision, effective immediately, to temporarily lower the reporting threshold of net short positions in E...
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Welcome to the June 2022 edition of our Asset Management & Investment Funds Update
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To date in 2022, the EU has adopted four sanctions packages in response to the developing situation in Ukraine. Each package includes one or more ...
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Welcome to the July 2022 edition of Legal News. Here is a selection of our recent publications on subjects that may affect you or your business.
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The Central Bank has commenced the first phase of a three-stage review of the Consumer Protection Code 2012 (as amended). As part of this first pha...
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Welcome to the May 2022 edition of our Asset Management & Investment Funds Update
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Welcome to the October 2022 edition of Legal News, a selection of our recent publications on subjects that may affect you or your business.
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The Consumer Protection Act 2022 (the Act) was signed into law on 11 April 2022. The Act extends the scope of firms which are required to secure au...
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ESMA issues expectations for MiFID firms' use of tied agents in light of post-Brexit 'circumvention' of MiFID framework.
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In a wide-ranging briefing, ESMA sets out guidance for the supervision of SFDR compliance and combating greenwashing. While the briefing is addres...
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Welcome to the June 2022 edition of Legal News. Here is a selection of our recent publications on subjects that may affect you or your business.
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Welcome to the February 2022 edition of our Asset Management & Investment Funds Update.
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On 9 December 2021, the EU published final technical screening criteria for assessing activities as having a positive impact on mitigating and/or a...
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Welcome to the December 2021 edition of our Asset Management & Investment Funds Update
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Recently published AML legislation mandates beneficial ownership checks and sets out CDD required to be done on investors in high-risk countries.
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See our analysis of the impact of the proposed SFDR-related amendments to the UCITS and AIFMD regimes.
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Welcome to the November 2021 edition of our Asset Management & Investment Funds Update.
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On 29 January 2020, the agreed text of the EU's framework for classifying which activities are 'green' or 'sustainable' (the Taxonomy) was publishe...
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An analysis for Irish fund management companies of the impact of the decision in the Blackrock VAT case.
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ESMA has confirmed to market that it does not believe there is a risk to compliance with the MiFIR Derivatives Trading Obligations post 31 December...
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On 6 January 2020, ESMA published its Level 3 Guidelines for compliance with the obligation to report securities financing transactions under the S...
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The Central Bank has published a new consultation with draft guidance for PE funds and other closed-ended QIAIFs in addition to two new Q&As for ILPs.
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Following its recent deep-dive liquidity review of corporate debt and property funds, ESMA has recommended that liquidity and valuation policies be...
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The evolving COVID-19 crisis poses a profound set of challenges for all regulated financial service providers including UCITS managers and AIFMs (F...
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As the end of the UK/EU transition period draws near, fund promoters and management companies can use our Q&A checklist tool to do a health-check o...
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Revenue extends eight year deemed disposal reporting deadline for Irish funds
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Funds remain in-scope of FSB framework for haircuts on non-centrally cleared SFTs.
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Welcome to the November 2019 edition of our monthly update from the Asset Management & Investment Funds team.
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our February 2019 edition.
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On 9 December 2019, the first of the legislative measures in the EU's Sustainable Finance Action Plan were published.
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EU Whistleblowing Directive, effective 16 December 2019, introduces obligations to facilitate and support whistleblowing.
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The EU Action Plan on Sustainable Finance: What UCITS ManCos, AIFMs and MiFID-authorised investment firms need to know.
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As previously reported, the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2019 (the "2019 Regulati...
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our May edition.
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Welcome to the August 2019 edition of Legal News. We at William Fry aim to keep you up to date on legal developments that may affect you or your bu...
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our April edition.
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our August edition.
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our March edition.
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Please click on the title above to view our Legal News - March 2019
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Welcome to the November 2019 edition of Legal News. We at William Fry aim to keep you up to date on legal developments that may affect you or your ...
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our June edition.
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Please click on the title above to view our Legal News - February 2019
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New Transparency requirement for Funds invested in listed equities due to be applied by 10 June 2019.
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Bill to prepare Ireland for no deal withdrawal by the UK working its way through legislative process
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Welcome to the March 2019 issue of Legal News which is a round-up of some of our articles in the last month.
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Welcome to the October 2019 edition of Legal News. We at William Fry aim to keep you up to date on legal developments that may affect you or your b...
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A 'ready-reckoner' to help funds and their managers conduct a health-check of existing arrangements if a no-deal Brexit does happen.
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New rules require corporate entities to submit beneficial ownership information to a 'central register' by 22 November 2019.
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Companies have until 22 November 2019 to file beneficial ownership information with newly established register
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the our July edition.
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the September issue.
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Central Bank introduces a self-certification regime for UCITS indices and flags a prospect of spot checks on index due diligence maintained by UCIT...
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Each month our Asset Management & Investment Funds team write a 'Legal & Regulatory Update'. Welcome to the August issue.
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A further round to the Benchmarks Regulation Q&A addresses the definition of a benchmark in relation to investment funds
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On 4 September 2018, the Central Bank of Ireland published its findings of a recent thematic inspection of UCITS fund management companies to revie...