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AIMA Spotlight On UCITS & Cocktail Reception

AIMA Spotlight on UCITS & Cocktail Reception

Thursday 11th October, 2018 - Pullman London St Pancras Hotel, Kings Cross, London
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The New EU Securitisation Regulation

The New EU Securitisation Regulation

Securitisation involves transactions that enable a lender – typically a credit institution or a corporation…

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UCITS & AIFMD London 2018

UCITS & AIFMD London 2018

25 – 26 September at Park Plaza Waterloo, London
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Funds, Flows & Facts – July 2018

Funds, Flows & Facts – July 2018

Net sales of UCITS amounted to €171bn in Q1 2018 which slightly exceeds the corresponding…

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Money Market Funds Regulation

Money Market Funds Regulation

Almost four years after the initial proposal for regulation of Money Market Funds (“MMFs”) by…

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Proposed Changes To Asset Segregation Rules

Proposed Changes to Asset Segregation Rules

On 29 May 2018, the European Commission (the “Commission”) proposed legislative changes to the safekeeping…

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CP 119 – Review Of The Regulatory Framework For Irish UCITS

CP 119 – Review of the Regulatory Framework for Irish UCITS

On 29 March 2018, the Central Bank of Ireland (“Central Bank”) published a consultation paper…

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2018 Regulatory Challenges And Fund Domicile Comparison Seminar

2018 Regulatory Challenges and Fund Domicile Comparison Seminar

Friday, May 11th, 2018, 8.00am – 10.00am, BAFTA, 195 Piccadilly, London W1J 9LN
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Regulatory Challenges Posed By Brexit, GDPR And CP86

Regulatory challenges posed by Brexit, GDPR and CP86

Download the presentation given at our annual seminar in London on 11 May 2018 on…

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Cayman Islands Anti-Money Laundering Regulations Guidance Notes

Cayman Islands Anti-Money Laundering Regulations Guidance Notes

On 2 October 2017, new Anti-Money Laundering Regulations 2017 (the “Regulations”) came into force in…

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Funds, Flows & Facts – April 2018

Funds, Flows & Facts – April 2018

The year 2017 was exceptional for the European funds industry with net assets of UCITS…

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The Cayman Islands Anti-Money Laundering Regulations 2017

The Cayman Islands Anti-Money Laundering Regulations 2017

The Anti-Money Laundering Regulations, 2017 (the “Regulations”) of the Cayman Islands which came into force…

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Cross-Border Fund Distribution – European Commission Proposal

Cross-Border Fund Distribution – European Commission Proposal

In an attempt to make cross-border fund distribution more efficient and cheaper, the European Commission…

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UCITS & AIFMD For US Managers 2018

UCITS & AIFMD For US Managers 2018

13 - 14 March 2018, 101 Park Avenue, New York
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Irish Loan Origination Funds – Rules Update February 2018

Irish Loan Origination Funds – Rules Update February 2018

As a result of the 2007-2008 financial crisis, lending from traditional sources such as banks…

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Funds, Flows & Facts – January 2018

Funds, Flows & Facts – January 2018

In the first three quarters of 2017, UCITS and AIFs registered net sales of €761bn…

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Central Bank Of Ireland Anti-Money Laundering Bulletin – December 2017

Central Bank of Ireland Anti-Money Laundering Bulletin – December 2017

The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended (the “Act”) imposes…

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Global Fund Distribution Seminar

Global Fund Distribution Seminar

Convene Conference Center, 237 Park Avenue, New York
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CP86 – Lessons From Early Adopters

CP86 – Lessons from Early Adopters

On December 19th 2016, the Central Bank of Ireland (“CBI”) published final guidance on consultation…

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Funds, Flows & Facts – October 2017

Funds, Flows & Facts – October 2017

Fund Flow Digest The second quarter of 2017 was mostly characterised by gains in global…

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FATF Mutual Evaluation Of Ireland 2017

FATF Mutual Evaluation of Ireland 2017

The Financial Action Task Force (“FATF”) was established in 1989 with a high level objective…

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FCA Asset Management Market Study 2017- Final Report

FCA Asset Management Market Study 2017- Final Report

In November 2015, the Financial Conduct Authority (“FCA”) launched its asset management market study. In…

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The Impact Of MiFID II On Non-EU Managers

The impact of MiFID II on non-EU managers

MiFID II will come into effect on 3 January 2018 and is widely regarded as…

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Funds, Flows & Facts: July 2017

Funds, Flows & Facts: July 2017

Fund Flow Digest The first quarter of 2017 was characterised by gains in Eurozone, global…

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The Companies (Accounting) Act 2017

The Companies (Accounting) Act 2017

The Companies (Accounting) Act 2017 (the “Act”) became active on 9 June 2017 and transposes…

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An Overview Of MiFID II

An Overview of MiFID II

Introduction The first Markets in Financial Instruments Directive (“MiFID I”) became effective on 1 November…

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CP86 – A Comprehensive Overview

CP86 – A Comprehensive Overview

Introduction On December 19th 2016, the Central Bank of Ireland (“CBI”) published the final guidance…

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Irish Domiciled Funds Structuring Options

Irish Domiciled Funds Structuring Options

Download this presentation from KB Associates Managing Principal, Mike Kirby on Irish Domiciled Funds Structuring…

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Funds, Flows & Facts – May 2017

Funds, Flows & Facts – May 2017

Fund Flow Digest The year 2016 was characterised by significant market uncertainty. In January, a…

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Central Bank Of Ireland Outsourcing Review – March 2017

Central Bank of Ireland Outsourcing Review – March 2017

Introduction In July 2013, the CBI1 requirements on the outsourcing of fund administration activities were…

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A Summary Of The Impact Of CP86 On Existing And New FMCs – February 2017

A Summary of the Impact of CP86 on Existing and New FMCs – February 2017

CP86 Key Requirements FMCs authorised before Nov 1 2015 FMCs authorised between 1 November 2015…

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Funds, Flows & Facts – January 2017

Funds, Flows & Facts – January 2017

Fund Flow Digest In Q3 2016 UCITS fund net inflows were a healthy €129bn compared to net…

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Central Bank Of Ireland Final Guidance – CP86 December 2016

Central Bank of Ireland Final Guidance – CP86 December 2016

Introduction On December 19, 2016, the CBI1 published its feedback statement on the last consultation…

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Update – Final UCITS Remuneration Guidelines – November 2016

Update – Final UCITS Remuneration Guidelines – November 2016

Introduction UCITS V was published in August 2014 and EU member states transposed the directive…

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Funds, Flows & Facts – October 2016

Funds, Flows & Facts – October 2016

Fund Flow Digest There was a recovery in UCITS net sales in Q2 2016. Second…

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International Fund Distribution And Product Design

International Fund Distribution and Product Design

Download this presentation from KB Associates Managing Principal, Mike Kirby on International Fund Distribution and…

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KB Associates Cayman Welcomes New Appointment

KB Associates Cayman welcomes new appointment

James Wauchope joined KB Associates in October 2016 where he serves as an independent professional…

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The Impact Of Brexit On UK Asset Managers Marketing Into The EU

The impact of Brexit on UK Asset Managers marketing into the EU

Introduction In one of the most important political events in recent European history, the UK…

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A Summary Of The Impact Of CP86 On Existing And New FMCs – September 2016

A Summary of the Impact of CP86 on Existing and New FMCs – September 2016

A Summary of the Impact of CP86 on Existing and New FMCs1 - September 2016…

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Section 110 Companies Legislative Amendment – September 2016

Section 110 Companies Legislative Amendment – September 2016

Background on Section 110 Companies Section 110 of the Irish Taxes Consolidation Act, 1997 provides…

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Irish Collective Asset-management Vehicle (“ICAV”) Update – July 2016

Irish Collective Asset-management Vehicle (“ICAV”) Update – July 2016

ICAV Background The ICAV Act 2015 put in place a legal framework for a corporate…

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Funds, Flows & Facts – July 2016

Funds, Flows & Facts – July 2016

Fund Flow Digest The year began with a poor start for fund flows with UCITS…

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Central Bank Of Ireland Third Consultation – CP86 June 2016

Central Bank of Ireland Third Consultation – CP86 June 2016

Background and Introduction In September 2014, the CBI1 issued a consultation paper entitled Fund Management…

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Directors’ Compliance Statement – Companies Act 2014

Directors’ Compliance Statement – Companies Act 2014

Background – Companies Act 2014 The Companies Act 2014 (“the Act”) came into force in…

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Expansion Of The Global Exchange Market For Investment Funds – April 2016

Expansion of the Global Exchange Market for Investment Funds – April 2016

Background The Irish stock exchange is a leading market for the listing of both investment…

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Funds, Flows & Facts – April 2016

Funds, Flows & Facts – April 2016

Fund Flow Digest The year 2015 was generally a weak year for global stock markets.…

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Update – UCITS V Remuneration – April 2016

Update – UCITS V Remuneration – April 2016

Introduction UCITS1 V was published in August 2014 and EU member states transposed the directive…

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KB Associates Fund Governance Survey 2016

KB Associates Fund Governance Survey 2016

Introduction Significant changes to Ireland’s fund governance regime are being introduced further to consultation paper…

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Funds, Flows & Facts – February 2016

Funds, Flows & Facts – February 2016

Fund Flow Digest During Q3 2015 a slowdown of inflows into long term UCITS funds…

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Update On The CP86 Compliance Deadline For Existing Fund Management Companies

Update on the CP86 Compliance Deadline for Existing Fund Management Companies

Background In September 2014, the CBI1 issued a consultation paper entitled Fund Management Company Effectiveness…

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CBI Programme Of Themed Inspections For 2016

CBI Programme of Themed Inspections for 2016

Background The CBI1 oversees in excess of 6,000 Irish domiciled funds. The CBI conducts themed…

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Global Fund Distribution: Solutions For 2016 And Beyond

Global Fund Distribution: Solutions for 2016 and Beyond

Download this presentation from KB Associates Managing Principal, Mike Kirby on Global Fund Distribution: Solutions…

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Central Bank Of Ireland Report On Anti-Money Laundering

Central Bank of Ireland Report on Anti-Money Laundering

Background The CJA 20101 transposed the EU’s Third Money Laundering Directive into Irish Law. There…

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Rationalisation Of UCITS And AIFMD Managerial Functions

Rationalisation of UCITS and AIFMD Managerial Functions

UCITS Managerial Functions On 5th October 2015, the new Central Bank of Ireland (CBI) UCITS…

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KBA Update – UCITS; Removal Of The Promoter Requirement

KBA Update – UCITS; Removal of the Promoter Requirement

Role of the Promoter The CBI1 currently stipulates that all UCITS2 applications must be coordinated…

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Director Travel Expenses – Positive Outcome

Director Travel Expenses – Positive Outcome

Background Historically, travel expenses incurred by non-executive directors for the purpose of attending board meetings…

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Funds, Flows & Facts – October 2015

Funds, Flows & Facts – October 2015

Fund Flow Digest The second quarter of the year saw a slowdown of inflows into…

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Update – CP86 Delegate Oversight – Designated Persons And Directors

Update – CP86 Delegate Oversight – Designated Persons and Directors

Background In September 2014, the CBI1 issued a consultation paper entitled Fund Management Company Effectiveness…

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KBA Update – Cyber Security In The Investment Funds Industry

KBA Update – Cyber Security in the Investment Funds Industry

Cyber-crime Background Cyber-crime is becoming more prevalent due to the increasing reliance by firms in…

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Funds, Flows & Facts – July 2015

Funds, Flows & Facts – July 2015

Fund Flow Digest The first quarter of 2015 saw significant growth for UCITS funds with…

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The Fourth EU Money Laundering Directive – Evolution, Not Revolution

The Fourth EU Money Laundering Directive – Evolution, not Revolution

On 5 June 2015 a directive on the prevention of the use of the financial…

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Update – Fund Management Company Effectiveness – Delegate Oversight

Update – Fund Management Company Effectiveness – Delegate Oversight

Background Investors increasingly focus on an investment fund’s governance structure as an important consideration when…

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Review Of Consultation Paper CP86 Consultation On Fund Management Company Effectiveness – Delegate Oversight

Review of Consultation Paper CP86 Consultation on Fund Management Company Effectiveness – Delegate Oversight

The Central Bank of Ireland (‘CBI’) issued a Consultation Paper on 19 September 2014 titled…

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Funds, Flows & Facts April 2015

Funds, Flows & Facts April 2015

Fund Flow Digest 2014 was a bumper year for European investment funds. UCITS sales reached…

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Update – AIFMD Marketing Passport

Update – AIFMD Marketing Passport

Background Since AIFMD became effective on July 22nd 2013 the marketing passport has been available…

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Funds, Flows & Facts January 2015

Funds, Flows & Facts January 2015

Fund Flow Digest The third quarter of 2014 saw sales of UCITS funds in excess…

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Funds, Flows & Facts – October 2014

Funds, Flows & Facts – October 2014

Fund Flow Digest The UCITS funds’ market continued its upward trajectory in Q2 2014 with…

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Fund Governance Survey

Fund Governance Survey

On 4th June 2014 the Cayman Islands Government enacted the Directors Registration and Licensing Law…

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Funds, Flows & Facts – June 2014

Funds, Flows & Facts – June 2014

Fund Flow Digest 2014 fund flows began with a blistering start with net inflows of…

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Cayman Islands New Fund Legislation – The Directors Registration And Licensing Law, 2014

Cayman Islands new fund legislation – the directors registration and licensing law, 2014

George Town, Grand Cayman On 21st May, the Cayman Islands published new legislation entitled the…

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The Use Of Side Letters By Asset Managers

The Use of Side Letters by Asset Managers

In this sixth article in the KB Associates’ series on investment fund governance we examine…

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Funds, Flows & Facts – March 2014

Funds, Flows & Facts – March 2014

Fund Flow Digest 2013 ended on a bullish note for long term UCITS (ex MMF)…

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Funds, Flows & Facts – Dec 2013

Funds, Flows & Facts – Dec 2013

Fund Flow Digest The third quarter of 2013 brought mixed fortunes to European UCITS funds.…

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Conflicts Of Interest And Valuation Issues

Conflicts of Interest and Valuation Issues

In this fifth article in the KB Associates’ series on investment fund governance we examine…

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Updated Guidance For Fund Directors On AML Requirements In Ireland

Updated Guidance for Fund Directors on AML Requirements in Ireland

On 12th October 2012 the Central Bank of Ireland (“Central Bank”) issued its findings resulting…

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Director Responsibilities And How They Should Be Discharged

Director responsibilities and how they should be discharged

In this fourth article in the KB Associates’ series on investment fund governance we outline…

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Fund Distribution: A Changed Landscape

Fund Distribution: A Changed Landscape

Download this presentation from KB Associates Managing Principle, Mike Kirby on Fund Distribution: A Changed…

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Funds, Flows & Facts  – Sept 2013

Funds, Flows & Facts – Sept 2013

Fund Flow Digest The first half of 2013 was positive for UCITS funds with inflows…

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Authorisation Of Alternative Investment Fund Managers – Deadline For Submission Of Applications

Authorisation of Alternative Investment Fund Managers – deadline for submission of applications

The Central Bank wishes to remind all investment funds authorised in accordance with the NU…

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Considerations For Potential Fund Directors

Considerations for potential fund directors

In this third article in the KB Associates’ series on investment fund governance consideration is…

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Funds, Flows & Facts – June 2013

Funds, Flows & Facts – June 2013

Fund Flow Digest The first quarter of 2013 saw much welcomed inflows across most strategies…

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QIAIF- The Regulated Hedge Fund Solution

QIAIF- The Regulated Hedge Fund Solution

Qualifying Investor Alternative Investment Funds Effective July 2013 Ireland has developed the Qualifying Investor Alternative…

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Alternative Investment Fund Managers Directive (“AIFMD”)

Alternative Investment Fund Managers Directive (“AIFMD”)

Key Immediate Considerations for US Managers On 19 December 2012 the European Commission published the…

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Funds, Flows & Facts – March 2013

Funds, Flows & Facts – March 2013

Fund Flow Digest 2012 will be remembered as the year of the bond fund. The…

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Fund Board Composition And Director Selection – Getting It Right

Fund board composition and director selection – getting it right

In this second article in the KB Associates’ series on fund governance consideration is given…

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Fund Governance Survey

Fund governance survey

In January 2013 the Cayman Islands Monetary Authority (“CIMA”) advised that it would consult with…

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Cayman Islands Amendment To Mutual Fund Laws In Regard To Master Funds

Cayman Islands amendment to Mutual Fund Laws in regard to Master Funds

George Town, Grand Cayman. On 10th January, 2013 the Cayman Islands amended its Mutual Fund…

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Why Fund Governance?

Why fund governance?

Introduction Fund governance, particularly within the hedge fund industry, has become an increasingly important subject,…

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Funds, Flows & Facts – December 2012

Funds, Flows & Facts – December 2012

Fund Flow Digest Bond funds continued to be the safe haven in the eyes of…

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Updated Guidance For Fund Directors On AML Requirements In Ireland

Updated Guidance for Fund Directors on AML Requirements in Ireland

On 12th October 2012 the Central Bank of Ireland (“Central Bank”) issued its findings resulting…

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Funds, Flows & Facts – September 2012

Funds, Flows & Facts – September 2012

Fund Flow Digest Our last update described the positive inflows into long term funds (UCITS…

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Overview Of The Alternative Investment Fund Managers Directive

Overview of the Alternative Investment Fund Managers Directive

Introduction The discussions and debate on the Alternative Investment Fund Managers Directive (AIFMD) have gone…

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Why UCITS?

Why UCITS?

AUM Growth - % AUM Growth 2003 - 2011 *UCITS domiciled in Ireland and Luxembourg…

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Funds, Flows & Facts – June 2012

Funds, Flows & Facts – June 2012

Fund Flow Digest The first quarter of 2012 brought some much needed positive news in…

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CBI Investment Fund Inspections Under Irish AML/CTF Legislation

CBI investment fund inspections under Irish AML/CTF legislation

Since 2011 the anti-money laundering/counter terrorist financing (AML/CTF) supervision unit of the Central Bank of…

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Funds, Flows & Facts – March 2012

Funds, Flows & Facts – March 2012

Fund Flow Digest 2011 certainly has been a year of two halves with the positive…

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IFIA Corporate Governance Code For CIS & Management Companies

IFIA Corporate Governance Code for CIS & Management Companies

Background On 14 December 2011, the IFIA issued the Corporate Governance Code for Collective Investment…

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Update On CBI’s Fitness And Probity Regime – Applicability To Investment Funds

Update on CBI’s Fitness and Probity Regime – Applicability to Investment Funds

Background On 1 September 2011, the Central Bank of Ireland (‘Central Bank’) introduced a revised…

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Operational Due Diligence – An Update

Operational due diligence – An update

By Phillip Chapple It is widely recognised across the hedge fund industry that the operational…

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Global Fund Distribution – Opportunities & Challenges

Global Fund Distribution – Opportunities & Challenges

Global markets offer real opportunities to asset managers, yet also pose significant challenges. Our distinguished…

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Ireland Well Placed To Benefit From The Onward March Of ETFs

Ireland well placed to benefit from the onward march of ETFs

In recent years exchange traded funds (ETFs) represent one of the fastest growing sectors in…

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Fund Governance Practice

Fund Governance Practice

Recent years have seen increased focus on the composition and activities of investment fund boards.…

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Qualifying Investor Fund Or QIF – The Regulated Hedge Fund Solution

Qualifying Investor Fund or QIF – The Regulated Hedge Fund Solution

Irish Qualifying Investor Fund A Qualifying Investor Fund (“QIF”) is an attractive option for hedge…

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The Institutionalisation Of Hedge Funds: The Investor Due Diligence Bar Rises Ever Higher

The Institutionalisation of Hedge Funds: The Investor Due Diligence Bar Rises Ever Higher

By Phillip Chapple The institutionalisation of hedge funds has been driven by a number of…

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Ireland Adopts The 3rd EU Money Laundering Directive

Ireland adopts the 3rd EU Money Laundering Directive

Following a delay of more than two years, the 3rd EU Money Laundering Directive (“the…

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Ireland’s Evolving Fund Administration Industry

Ireland’s Evolving Fund Administration Industry

The fund administration industry in Ireland has undergone significant change in recent years. Both industry…

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What You Need To Know As The Fund MLRO

What you need to know as the Fund MLRO

Since the enactment of the Criminal Justice Act (“CJA”) in 1994, the legislation and regulation…

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The Investment Funds Industry In Ireland

The Investment Funds Industry in Ireland

KB Associates is a boutique consulting firm which assists asset managers address the operational issues…

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The Criminal Justice (Money Laundering And Terrorist Financing) Bill 2009 Q&A For Irish Investment Funds

The Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009 Q&A for Irish Investment Funds

What is the Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009 (the “Bill”)? The…

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