Challenges facing ManCos – more regulations, more regulatory change, and more scrutiny than ever before (Part 1)

Challenges facing ManCos – more regulations, more regulatory change, and more scrutiny than ever before (Part 1)

The pressure is rising on the ManCo industry – Management Companies (ManCos) are dealing with more regulations, and more regulatory change than ever before. This constant churning of regulatory change, coupled with increased scrutiny from regulators has led to a complex, pressured regulatory environment. However, this increased scrutiny is not the only challenge facing Mancos!

Central Bank of Ireland Calls for UCITS Managers to Review Liquidity Risk Management Frameworks

Central Bank of Ireland Calls for UCITS Managers to Review Liquidity Risk Management Frameworks

In early 2020, the European Securities and Markets Authority (ESMA) launched a Common Supervisory Action (CSA) on UCITS liquidity risk management (LRM). The purpose of this exercise was to simultaneously conduct coordinated supervisory activities in 2020 and to assess whether UCITS managers comply with their liquidity management obligations.

CP86 Thematic Review and Conclusions

CP86 Thematic Review and Conclusions

On 20th October 2020, the Central Bank of Ireland (CBI) published a letter to all UCITS management companies, authorised Alternative Investment Fund Managers (AIFMs), self-managed UCITS investment companies and internally managed Alternative Investment Funds which are authorised AIFMs. The letter sets out the CBI’s conclusions of its thematic inspection of compliance with its Fund Management Companies Guidance, which concluded the three-part CP86 consultation process.