Financial Services Ireland

Ireland Market Pulse

Wealth and Asset Management Regulatory Update

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The regulatory environment for wealth and asset managers is undoubtedly demanding and continues to evolve, with increasing levels of regulatory supervision to ensure financial stability, consumer protection and market integrity. Our most recent Wealth and Asset Management Regulatory Update, prepared in September 2020, aims to help you to navigate and better understand the current regulatory landscape both here in Ireland and at a broader European level.

The report, which you can download below, provides an update and our views on the most topical regulatory matters, ranging from local Irish developments to sustainable finance, AIFMD developments, expenses, distribution and anti-money laundering updates. This Wealth and Asset Management Regulatory Update specifically covers:

  • Senior Executive Accountability Regime
  • CBI Consultation on the Treatment, Correction and Redress of Errors in Investment Funds
  • Investment Limited Partnerships (Amendment) Bill 2020
  • Central Bank Communications (Interest Rate Benchmark Reform Letter; Covid-19 Regulated Firms FAQ)
  • EU Taxonomy Regulation
  • Draft delegated acts on the integration of sustainability factors and risks in the UCITS Directive, AIFMD and MiFID II 15
  • European Supervisory Agency Joint Consultation on ESG disclosures
  • European Public Consultation on the revision of the non-financial reporting directive
  • European Commission report assessing the application and the scope of the AIFMD 26
  • European Systemic Risk Board considerations regarding the Alternative Investment Fund Managers Directive 29
  • ESMA consultation on guidelines on Article 25 of AIFMD
  • ESMA Guidelines on Performance Fees in UCITS and certain types of AIFs
  • Investor Outcomes: The supervision of costs in UCITS and AIFs
  • AML Update
  • Update on distribution & third-country investment

If you have a question or would like a more detailed discussion of any of the areas covered in the report, please don’t hesitate to get in touch.  You may also find it useful to review our latest insights and thinking to support you in leading through these volatile times.

Thought Leaders

Paul Traynor

FS Partner, Wealth & Asset Management Consulting Lead

Dean Phillips

FS Partner, Wealth & Asset Management