Regulatory Requirements of Irish Domiciled Funds

Duration: 1 Day

Full Fee: €475

Network Members Fee: €360

Programme overview

A comprehensive, practical review of the Irish regulatory environment in which investment funds operate in 2016.

Course Objectives

At the end of this course participants will be able to

  • Discuss the regulation of funds in Ireland and Europe
  • Describe the different types of funds that use the non-UCITS structures
  • Describe the UCITS authorisation process
  • Distinguish between eligible and ineligible assets
  • Identify permitted financial derivative instruments
  • Describe and apply the UCITS rules on investment restrictions and risk spreading
  • Calculate position exposure, global exposure and counterparty risk exposure
  • Discuss how Value-at-Risk (VaR) is used
  • Apply the UCITS exposure limits
  • Discuss the required contents of the risk management process document
  • Outline on-going UCITS reporting requirements
  • Outline briefly the possible developments that will affect the rules regarding eligible assets and investment restrictions
  • Discuss the significance of the AIFMD for funds domiciled in Ireland

Who should attend?

Experienced fund service providers who require a greater understanding of the UCITS , non-UCITS and the AIFMD.

Course Content (Summary)

  •  Regulatory overview
    • Europe
    • Ireland
  • The UCITS product
  • Non-UCITS
  • Fund authorisation process
  • Key investor information document (KIID)
  • UCITS general requirements
    • Liquidity
    • Eligible assets & investment restrictions
    • Risk spreading rules
  • UCITS Financial derivative instruments (FDI)
    • Permitted FDI
    • Commitment approach
      • Issuer concentration (position) exposure
      • Global exposure
    • Value at Risk (VaR) approach
      • General principles
      • Quantitative and qualitative requirements
      • Additional safeguards and disclosures
    • OTC counterparty risk exposure
    • Cover rules
    • Annual FDI report
  • Alternative Investment Fund Managers Directive
  • UCITS V and UCITS VI

Trainer Profile