IRELAND: CBI Publishes Programme of Themed Reviews and Inspections for 2014

Wednesday February 26 2014

The Central Bank of Ireland has published its planned series of themed reviews and inspections for 2014.

The main themes include examinations of the following areas:

• Outsourcing of Activities by Fund Administrators – An assessment of the risk to the valuation process where administrators outsource some of all the Net Asset Value calculation process
• Data integrity of regulatory returns – Examination of data contained in regulatory capital returns submitted by investment firms and fund service providers.
• Corporate Governance of Investment Funds and Fund Managers – Assess corporate governance arrangements for firms in this sector.
• Conduct of Business for Investment and Stockbroking Firms – Assess firms’ arrangements in relation to the procedures for the collection of data to satisfy MiFID client categorisation and suitability requirements.
• Client assets – Review of investment firms to assess compliance with these requirements.

In addition to the planned series of inspections, the Central Bank will also continue to conduct additional reactive inspections on key issues and themes as they arise throughout the year.

Click on the above link for further details.