Irish Funds and Regulatory Update Q4 2023

In this edition we cover updates from the CBI, the Irish Government and the European Union. Our highlights are as follows:

• CBI published Markets Update Nos. 8, 9 and 10 of 2023;
• CBI responds to the consultations on the IAF;
• CBI issues the first ever fine for an Irish Collective Asset-management Vehicles (“ICAV”);
• CBI consults on the new European Long-term Investment Fund (“ELTIF”) rules;
• CBI updates its AIFMD Q&As;
• CBI updates its UCITS Q&A;
• Fitness and Probity Standards (Code issued under Section 50 of the Central Bank Reform Act 2010) and Guidance on Fitness and Probity Standards;
• The Department of Finance published its feedback statement in response to Public Consultation on the National Discretions contained MiCAR; and
• ESMA has updated its PRIIPs KID Q&As document.