OCTOBER 2008Print Version

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The A&L Goodbody Investment Funds Group brings you The Front Page, our monthly bulletin on the latest developments in mutual funds and collective investment schemes within Ireland and the EU. For further information on any of the topics covered please e-mail funds@algoodbody.ie

Irish Law and Regulation

  • Irish domiciled investment funds are now available for distribution to Chinese investors

  • Money market funds - valuing paper with a residual maturity of less than 3 months

  • Money Market Fund remedies

  • Practice Developments

  • CESR amends guidelines on UCITS eligible assets to clarify prohibition on physical short selling

  • Budget increased rates of exit tax for Irish Investors

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    EU & International Developments

  • Consultation Paper on UCITS Management Company Passport

  • CESR response to recent market turmoil

  • CESR issues second consultation on third set of guidance on Market Abuse

  • CESR publishes MiFID supervisory briefings on conflicts of interest, best execution and inducements

  • CESR publishes statement on fair value measurement and related disclosures on financial instruments in illiquid markets

  • CEBS and CESR issue advice to the Commission on commodity derivatives business

  • EU Commission will review derivatives market

  • IOSCO task force on commodities markets

  • IOSCO consultation on regulatory standards for Funds of Hedge Funds

  • CESR, CEBS and CEIOPS clarify EU requirements for payer information accompanying electronic transfers of funds

  • Energy Markets

  • Irish Financial Services Regulatory Authority

    7 new platforms and 57 new funds were authorised by the Irish Financial Services Regulatory Authority in September 2008.

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    Irish Stock Exchange

    The share/units of 16 new sub-funds of existing funds, 6 new single funds, 80 additional new classes and 4 new umbrella fund were admitted to the Official List of the ISE during September 2008.

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    The Financial Services Regulation and Compliance Newsletter   go>

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    Recent Articles

    Changing Times

    New QIF regime is a welcome development

    New Ucits III rules have re-energised the investment funds market in Europe

    Irish Investment Funds - Recent Legal and Regulatory Developments

    Plans for the further development of the International Financial Services Industry in Ireland

    Ireland is steaming ahead in financial services