The Markets Supervision Directorate of the Central Bank has published its programme of themed-inspections for 2016. These inspections reflect a number of supervisory priorities for 2016. The planned themed-inspections for 2016 are:

  • Outsourcing Arrangements.
  • Review of AIFMs adherence to their programme of activity.
  • Focus on the risk culture within firms.
  • Analysis of the production costs of investment funds.
  • Review of the use of financial indices as eligible investments for UCITS investment funds.
  • Continued focus on various issues with director time commitments.
  • Focused review of Client Asset Management Plans for Investment Firms.
  • Focus on resilience of firms’ IT systems.
  • Review of the suitability assessment of clients.
  • Examination of the information provided to clients on an on-going basis.
  • Review of hedging arrangements at share class level for investment funds.
  • Review of the practices of firms regarding market abuse and when dealing with insider information.