On 20 October 2020, the Central Bank of Ireland issued a letter unveiling its findings following the completion of the fund management companies (FMCs) thematic review. While CP86 is widely implemented and FMCs have largely complied and adhered to its framework, the Bank noted some deficiencies...
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Who are we? FundRock Group is a leading independent UCITS Management Company and Alternative Investment Fund Manager (AIFM), offering solutions for Luxembourg, UK, Ireland and French based funds, with paid up capital in excess of the €10 million capital requirement ceiling. We have built a long...
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United Kingdom 8 July: The role of investment managers in the post Covid-19 recovery. Read here 3 July: FCA announces proposals to further support motor finance and high cost credit customers. Read here. Read here 16 June: FCA - A financial system to support the recovery. Read here 21...
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By Xavier Parain, CEO, FundRock Management Company The covid-19 crisis has changed so much about daily and commercial life, and the fund management industry is no exception. Business continuity plans and procedures, stress-tested far more frequently than ever implemented in the past, were deployed universally. Portfolio managers,...
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Maintaining an open and transparent line of communication with you has always been important to us, even more so in uncertain times like those we currently live in. Therefore, I would like to take up a few minutes of your time to update you on...
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In these unprecedented times, our thoughts are with all those affected by the COVID-19 outbreak and with a strong sense of duty, we would like to share with you our approach to addressing this unexpected event. Over the last weeks, we’ve been closely monitoring events as...
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In February of this year, DLA Piper released their annual data breach survey covering January 2019-January 2020 indicating a surge in data breach reports across the European Economic Area. The report found that companies in the EEA reported 160,921 data breaches to their supervisory authorities...
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On 15 July 2019 the CSSF issued two press releases, 19/33 (directed specifically at UK Firms) and 19/34 (directed at UCIs and their managers) in the context of Brexit. These follow on from an original press release (19/18) issued on 12 April 2019. All three...
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On 11 April 2019 the European Union announced that it had agreed to grant the United Kingdom a six-month extension to the Article 50 process. This is a flexible extension whereby if the UK ratifies the existing agreement it may leave before the new deadline...
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Regulatory scrutiny, investor trends, Brexit and other geopolitical factors have created a particular landscape in the asset management industry, requiring all key players to respond with actions and well thought plans. In this context, management companies have had to step up their game, enhance their...
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