On 16 September 2019, the Central Bank of Ireland (the “Central Bank”) sent a letter to the Irish funds industry outlining the timeframes for receipt of (i) new fund applications and (ii) post-authorisation amendments that have approval deadlines before Christmas or year-end (the “Year-End Letter”). 

The deadlines for receipt of complete applications are set out below: 

QIAIF Filings

Applications Submitted Through ORION (the Central Bank’s online reporting system)1

Normal timeframes will apply until Friday 20 December 2019.

Non-ORION Based Applications2

Normal timeframes will apply until Friday 20 December 2019.

Change of Service Provider (“COSP”) Filings

Individual Questionnaire (“IQ”) Filings

Normal timeframes will apply until Friday 22 November 2019

Fund / Post-Authorisation Applications (Excluding QIAIFs)

Full Review Investment Manager Applications

ICAV Registration / Conversion / Migration Applications

UCITS and RIAIF Authorisations / Approvals / Notings

Revocations

Brexit

With respect to UCITS and retail alternative investment funds (RAIFs), any amendments required to fund documentation arising out of the impending withdrawal of the United Kingdom (the “UK”) from the European Union (“Brexit”) should be submitted to the Central Bank by Monday 30 September 2019.

A QIAIF intending to retain its current UK alternative investment fund manager (“AIFM”), should submit relevant documentation to the Central Bank by Tuesday 1 October 2019. Where a QIAIF is changing its AIFM, the appropriate COSP application should be submitted to the Central Bank by Tuesday 1 October 2019.