The Irish Funds industry is currently finalising its response to CP60 (due 11 December 2012) (as reported in the October Front Page). The Central Bank’s Gareth Murphy, Director of Markets Supervision, addressed the Irish Funds Industry Association on Irish funds regulation after the implementation of AIFMD. He pointed out that the new AIF handbook will not be effective before July 2013 and gave some pointers to the Central Bank’s supervisory approach in the future after the new rule book becomes effective.