RegBrief summarises key recent legal and regulatory developments of relevance to our financial regulatory clients.
ADVERTISING FINANCIAL SERVICES AND PRODUCTS
Updated Code
The Advertising Standards Authority for Ireland issued the 7th Edition of its Code of Standards for Advertising and Marketing Communications in Ireland. Minor changes were made to the section on Financial Services and Products (now at Section 13).
AIFMD
Updated CBI Q&A
The Central Bank published the 18th Edition of its AIFMD Q&A. Question ID 1100 was revised and new questions ID1101 and ID1102 were added in relation to the guidance on Umbrella funds – cash accounts holding subscription, redemption and dividend monies (see 'Umbrella Funds' below).
This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.