IRELAND: Reporting requirements of Irish Authorised Investment Funds

Monday July 2 2018

The Central Bank of Ireland has published an updated Guidance Note relevant to the following groups:

• All Irish authorised Investment Funds; or
• Investment Funds seeking authorisation in Ireland; or
• The respective governance body of such Investment Funds.

The purpose of the Guidance is to provide information and direction on the completion of the Fund Profile return. The Fund Profile return will replace the Annual Investment Fund Sub-Fund Profile  return.

The Fund Profile return will require completion:

• on the approval / authorisation of a new Sub-Fund / Standalone Fund (collectively the “Sub-Fund”); and
• annually, to confirm the Sub-Fund’s profile and update for changes

When a Sub-Fund is authorised / approved in Ireland, there is now a requirement to complete a Fund Profile return within 10 working days of the Sub-Fund’s authorisation. The Fund Profile return is made through the Central Bank’s Online Reporting (ONR) portal.

On an annual basis, the Fund will be required to review each Sub-Fund’s profile. Any changes since the last review of the Fund Profile should be updated and the return submitted to the Central Bank via the Central Bank’s ONR portal.

The scheduled IF Annual Sub-Fund Profile return was deleted from the Central Bank’s ONR portal as it is no longer required to be completed. Access to past returns for the IF Annual SubFund Profile return remains.

Click on the above link for further information.