Central Bank Launches Consultation On Risk Assessment And Capital Planning For Fund Administrators

Author:Mr Michael Jackson, Tara Doyle, Dualta Counihan, Elizabeth Grace, Philip Lovegrove, Shay Lydon, Anne-Marie Bohan, Joe Beashel, Liam Collins, Michelle Ridge and Oisin McClenaghan
Profession:Matheson
 
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The Central Bank has published its Consultation on Risk Assessment and Capital Planning for Fund Administrators (CP100).  The consultation paper outlines the Central Bank's proposal to introduce a risk assessment and capital planning requirement for fund administrators authorised under the Investment Intermediaries Act 1995.

The new requirements are proposed to be introduced by way of regulations (to form part of the Investment Firm Regulations proposed by the Central Bank in its Consultation on Central Bank Investment Firm Regulations 2015 - CP97), combined with guidance, to facilitate the practice of capital planning in a manner that is proportionate to the business.  The proposed guidance set out in CP100 would therefore apply on a comply or...

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