This course will examine the key frameworks governing the regulation of investment funds in Ireland. While the concept of the Trustee is central to this, the course is also designed to provide fund directors and persons working in fund administrators, legal and accounting firms with a panoramic view of the relevant duties and regulatory obligations imposed on them.
Do you know that:
It has been reported that the Central Bank is investigating an Irish Trustee/Custodian in relation to that bank's role as custodian for feeder funds invested with Bernard Madoff's 'Ponzi' scheme. A spokesman said that it was "involved in ongoing investigations with all the relevant parties including the custodians and the board of directors of the funds."
Financial Times, 15 October 2009
By attending this course participants will gain an understanding of:
- Type of funds: Unit Trust, Variable Capital Company, Investment Limited Partnership, Common Contractual Fund;
- National funds legislation: Unit Trusts Act 1990, Part XIII, Companies Act 1990 and others;
- Pan-European legislation: the UCITS regulations;
- Duties of the Manager;
- Duties of the Trustee/Custodian;
- Duties of the Administrator;
- Duties of the Fund’s Board of Directors;
- Role of the Central Bank;
- Role of the Irish Stock Exchange;
- Central Bank's UCITS and NU Notices;
- Central Bank's Guidance Notes;
- European Developments: UCITS 4 and AIFM Directives.
The role of the trustee is a central bulwark in the protection of investors’ interests. The trustee is responsible for monitoring the performance of all the other parties involved with the fund. Aggrieved investors have become increasingly prepared to sue trustees (and other parties associated with funds) to recover losses incurred. It is more important than ever to be aware of the extent of imposed obligations and how to demonstrate that they are being properly carried out.
Who Should Attend?
- Directors (both Non-Executive and Connected Party)
- Fund Administration Management
- Compliance Officers
€380 per attendee (All training fees are VAT exempt)
|Wednesday 21st May 2017||9.15 am - 1.15 pm||Adelaide Road, Dublin 2|
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Institute of Bankers: Formal CPD Hours
QFA: 3.5 hours
CPD Member: 3.5 hours
RS CPD Member: 3.5 hours
LCOI: 3.5 hours
Chartered Banker: 3.5 hours
CeB (Certified Banker): 3.5 hours
Institute of Insurance Ireland CPD Hours
CPD Member: 3.5 hours
Category 3: 3.5 hours
What Others Say:
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