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Feb 8, 2021

CP86 compliance following CBI’s regulatory review

CP86 compliance of Irish fund management companies (ManCos) and self-managed investment companies (SMICs) has evolved considerably since 2014. In 2020, the Central Bank of Ireland (CBI) conducted a review of Irish fund management companies (FMCs) in 2020, which found that many firms are falling short of implementing the necessary framework for governance, management and oversight to meet CP86 compliance. The review provides clarity as to the regulator’s intentions.

Jul 16, 2020

CP86 compliance: can you prove it?

European regulators expect fund management companies doing business in the EU to have effective governance practices. Effective governance means having an active management team that has a firm grasp of its business, and engaged directors who are diligently exercising their oversight responsibilities. In Ireland, these principles are captured in the Fund Management Companies (FMC) Guidance issued by the Central Bank of Ireland (CBI), usually referred to as “the Guidance,” or “CP86.”

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