Capital contributions are accepted as part of the financial resource requirement, provided they are executed in the approved format of the central bank. The central bank would be in favour of a pre-discussion with the proposed purchasers prior to the filing of the Transaction Reporting Form (ATNF). Please contact the IFFS authorization team via email – MancoFSPauthorisations@centralbank.ie to agree on a pre-discussion of the proposed ATNF conversations. “The Joint Committee of European Supervisory Authorities has issued guidance to the relevant authorities across the EU, including the Central Bank of Ireland. These guidelines are entitled “Common Guidelines for the Prudential Assessment of Acquisitions and Increases in Qualified Interests in the Banking, Insurance and Securities” sectors (“Guidelines”). The guidelines replace the current EU-wide guidelines for prudential assessment of acquisitions and come into force on 1 October 2017. The central bank must first approve any change in the company`s name before being submitted to the Business Registration Office (CRO). An individual questionnaire (IQ) must be completed for anyone who proposes to have a controlled function in a pre-authorization payment facility (PCF). Please note that the Central Bank of Ireland`s fitness and probity regime came into effect on 1 December 2011. For more information on the new procedure, please see the following link.
The following list is not exhaustive and should serve as a guide. If a mutual fund management company does not know its obligations, it should go to asset management (AMS) oversight. The self-managed investment company (SMIC) should contact the Securities Market Supervisory Authority (“SMS”). Any changes to qualified holdings in OPCVM management companies are subject to central bank approval; UCITS regulations specify detailed requirements. Companies are required to advise the central bank on their ownership structure each year. The guidelines include application checklists and contain information on documents and information that should be made available to the central bank. If you are unsure whether a change is a significant change for monitoring purposes, you should contact the appropriate AMS supervisory authorities directly.