A&L Goodbody
Investment Funds News Alert
October 2011
 
A&L Goodbody

The Front Page News Alert

October 2011

 

CB Deadlines for Pre-Christmas/Year-End Applications

 

The Central Bank of Ireland (CB) has issued details of its deadlines for receipt of applications:

  • for approval of funds and sub-funds that have pre-Christmas or pre-year end approval deadlines (this includes self-managed investment company applications and risk management processes); and
  • for approval of post-authorisation amendments that have pre-Christmas or pre-year end approval deadlines.

Normal timeframes apply for QIF authorisations and filings until 21 December. QIF filing deadlines for the Christmas period are detailed below. 

 

The CB has requested specific details of applications which have pre Christmas or pre year end approval deadlines to be lodged with it by close of business on Friday 14 October 2011 so please let us know if you are considering any such application.





 

Deadlines for Pre-Christmas/Year-End Applications

 

 

 

Funds/Post-Authorisation

 

 

Deadline For Receipt

 

 

SCHEMES AND NON FAST-TRACK SUB-FUNDS (this deadline also

applies to self-managed investment company applications and

risk management processes that are part of a UCITS application).


NB: If a UCITS application involves the establishment of a new

management company, we shall contact the CB regarding

deadline for receipt of the management company application.

 

21 October

 

FAST-TRACK* SUB-FUNDS

 

18 November

 

POST-AUTHORISATION – MAJOR ITEMS

 

21 October

 

POST-AUTHORISATION – ALL OTHER ITEMS

 

18 November

 

*A fast-track system can be used for clone fund and sub-fund applications and non-complex sub-funds established by way of supplement.

 

 

QIF Filings


Normal timeframes apply until 21 December.

 

 

For Authorisation/Approval Noting On:

 

To Be Received No Later Than

 

23 December

 

10am on Thursday 22 December.

 

29 December*

 

3pm on Thursday 22 December.

30 December

 

 

 

 

 

3pm on Thursday 22 December for QIF change

of service provider filings.

 

3pm on Thursday 29 December for all other QIF filings.

 

 

3 January**

 

3pm on Friday 30 December.
 

*29 December is the first day after Christmas that funds may be authorised.

 

**3 January is the first day in 2012 that funds may be authorised

 

 

 

 

For a print friendly version please click here.

 

To access the September Front Page please click here.


 





 



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Disclaimer: The contents of this Newsletter are necessarily expressed in broad terms and limited to general information rather than detailed analyses or legal advice. Specialist professional advice should always be obtained to address legal and other issues arising in specific contexts. Copyright A&L Goodbody 2011

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