The Central Bank of Ireland (the "Central Bank") has issued its annual letter to Irish Funds notifying the funds industry of its deadlines for receipt of fund applications seeking an effective date which is pre-Christmas or pre-year-end. Such applications include:
- approval of funds and sub-funds;
- post-authorisation amendments;
- individual questionnaires;
- change of service provider;
- investment manager applications;
- ICAV registrations/conversions/migrations; and
In this regard, Appendix A sets out the relevant deadlines for the submission of initial applications, where applicable, along with final submission dates for noting/ approval in respect of each type of application.
Additionally, the Central Bank has requested receipt of a list of proposed QIAIFs for approval (including an estimation of the corresponding number of IQs) on a weekly basis from mid- November. If you are contemplating any such pre-Christmas or yearend applications, please get in touch with your usual contact on the Dillon Eustace Asset Management Team who will notify the Central Bank as necessary and will work with you towards meeting the relevant deadlines.
1 27 December is the first day after Christmas that funds may be authorised
2 2 January is the first day in 2019 that funds may be authorised
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.