Banking

CP86 – The effectiveness of fund management companies

CP86, as published by the Central Bank of Ireland (the Central Bank), aims to enhance investor protection by outlining rules and guidelines that address the governance and effectiveness of delegate oversight of Irish Fund Management Companies  (FMCs). On its third and last consultation issued in 2016, the Central Bank included rules and guidelines on managerial functions, operational issues and procedural matters. The final guidance consolidates the earlier guidance on delegate oversight, organisational effectiveness and directors’ time commitments along with this more recent guidance.


This collective guidance forms part of the amended Central Bank Undertakings for the Collective Investment of Transferable Securities (UCITS) Regulations and Central Bank AIF Regulations effective from 1 July 2018.

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