As the year end is approaching, we would like to take this opportunity to remind you of some key regulatory deadlines on the horizon:
| Item | Timeline |
|---|---|
| All counterparties to financial transactions to seek Legal Entity Identifiers from the ISE | September 2013 (onwards) |
| Fitness and Probity Standards – annual certifications and on-going due diligence1 | 1 December 2013 |
| Corporate Governance Code – annual reviews | 31 December 2013 |
| Application of Capital Requirements Regulation and Capital Requirements Directive IV | 1 January 2014 |
| Annual audited financials; sub-fund profile; financial derivative instrument return; statutory auditor confirmation regulatory report2 | 1 January 2014 |
| Deadline for implementation of SEPA payments in credit institutions | 1 February 2014 |
| EMIR reporting start date for counterparties' reporting to trade repositories | 12 February 2014 |
| ESMA Guidelines on ETFs and UCITS – close of transition period | 18 February 2014 |
| KIID annual update to be filed with the Central Bank of Ireland3 (no later than) | 19 February 2014 |
| Deadline for submission of applications for authorisation as an AIFM or internally managed AIF, pre 22 July 20144 | 21 February 2014 |
| Submission by UCITS of a Fund's Annual Survey of Liabilities to the Central Bank of Ireland | Q1 2014 |
1The fitness and probity standard came into full effect in December 2012 and requires on-going monitoring of relevant controlled persons including an annual certification and maintenance of a register
2See Regulatory Reporting requirements of Irish authorised investment funds – Vol. 1.2 – April 2013
3No later than 35 business days post year end 2013. See regulatory Reporting requirements of Irish authorised investment funds – Vol. 1.2 – April 2013
4Click here to view the publication notice
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.