IRELAND: Central Bank publish Reporting Guidance for Alternative Investment Fund Managers

Wednesday September 17 2014

The Central Bank of Ireland has published an update to Reporting Guidance for Alternative Investment Fund Managers.

This guidance note is relevant to all Alternative Investment Fund Managers (AIFMs), including Internally Managed Alternative Investment Funds, who are authorised or registered by the Central Bank of Ireland or who manage or market Alternative Investment Funds (AIFs) in Ireland.

The purpose of this guidance note is to provide information to the AIFM on the reporting requirements relating to the extension of the Central Bank of Ireland’s Online Reporting System (“ONR System”) to AIFMs.

There are two components to the AIFM’s reporting obligation to the Central Bank.

1. AIFMs are obliged to submit the information detailed in Article 3(3) (d) and 24(1), (2) and (4) of the AIFMD, as applicable, for onward transmission to ESMA. It is the responsibility of the AIFM to determine if it has a reporting obligation to the Central Bank and it is also the responsibility of the AIFM to determine its reporting frequency in line with the Directive.

2. In addition, AIFMs that are authorised by the Central Bank of Ireland will have prudential reporting obligations that have been mandated in the Central Bank’s AIF Rulebook.

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