DOMESTIC:

CP86 - Central Bank Guidance on Fund Management Company Effectiveness, Feedback Statement and Updated Q&As

The Central Bank published its final guidance for fund management companies on managerial functions, operational issues and procedural matters together with its feedback statement on CP 86 (Third Consultation). In addition the Central Bank has also updated a number of its Q&As.

Central Bank to accept applications for investment via Shenzhen Connect

The Central Bank of Ireland has advised Irish Funds that it is in a position to accept applications from Irish domiciled UCITS and AIFs to invest through the Shenzhen-Hong Kong Stock Connect (Shenzhen Connect) programme, which launched on 5 December 2016.

Central Bank AIFMD Q&A

On 19 December 2016, the Central Bank published the 22nd edition of the AIFMD Q&A.

Central Bank UCITS Q&A

On 19 December 2016, the Central Bank published the 15th edition of the UCITS Q&A.

EUROPEAN:

ESMA Q&A on application of AIFMD

On 16 December 2016, ESMA published an updated Q&A on the application of the AIFMD.

MMF Regulation

The Economic and Monetary Affairs Committee (ECON) of the European Parliament approved the final compromise text on the EU’s Money Market Fund Regulation (MMFR). The Committee of Permanent Representatives of Member States to the EU (COREPER) also endorsed the text.

Regulation amending EuVECA Regulation and EuSEF Regulation

On 16 December 2016, the Council of the EU published a press release announcing that it has agreed its negotiating stance on the proposed Regulation amending the European Venture Capital Funds Regulation (EuVECA Regulation) and the European Social Entrepreneurship Funds Regulation (EuSEF Regulation).