Central Bank publishes updates to the Funds Authorisation and Funds Service Providers sections of the website

The Central Bank recognises the benefit in having clarity and transparency related to authorisation processes and procedures.  In particular, clear website disclosure assists applicants when engaging with the authorisation processes.  In light of the evolving authorisation process in respect of investment funds and to keep industry participants up to date on various processes applicable to the area, the website has been updated as follows:

1. A dedicated section setting out information on the process in respect of requests for derogation for UCITS, Retail Investor AIFs, and Qualifying Investor AIFs;
2. Guidance on how investment managers, investment advisers, and non-EU AIFMs are reviewed by the Central Bank which involve some changes to existing processes for investment managers; and
3. A dedicated “Contact Us” section setting out relevant email addresses for different types of queries.

These website updates are being carried out in the context of a wider review of fund authorisation processes which the Central Bank has underway.  This will involve a review of (i) authorisation processes related to UCITS and Retail Investor AIFs and (ii) authorisation processes for Qualified Investor AIFs.  Both reviews will be completed during the course of 2022.