IRELAND: IFSRA Publish Regulatory Connection Issue 7

Monday May 29 2006

IFSRA has published the latest issue in its `Regulatory Connection` series. In this issue, there is a summary of the recent departmental reorganisations within IFSRA which took effect from 8 May 2006. These changes included the Securities and Exchanges department being reorganised into two separate departments – the Markets Supervision Department and the Investment Service Providers Supervision Department.

The new Investment Service Providers Supervision Department will be responsible for the ongoing prudential supervision of investment firms, fund service providers, UCITS III management companies, retail intermediaries and funds regulatory reporting. It will also have responsibility for the implementation of the prudential aspects of the Markets in Financial Instruments Directive (MiFID) as they relate to investment firms. The publication can be found at the above link.