In May 2013, the Central Bank included new requirements in the UCITS and Non-UCITS Notices requiring the board of directors of investment companies  to include a confirmation in relation to transactions with connected parties in the annual and, where relevant, the half-yearly reports. These requirements are also reflected in the AIF Rule Book. The Irish Funds Industry Association (IFIA) Technical Committee has prepared a paper to assist investment managers and funds prepare written procedures in relation to the requirements. Please speak with your usual contact on our asset management and investment funds team if you need more information.