Client asset protection is a regulatory priority for the Central Bank of Ireland.
Client asset protection is a regulatory priority for the Central Bank of Ireland.
Client asset protection is a regulatory priority for the Central Bank of Ireland and will remain on the Central Bank of Ireland’s supervisory and enforcement agenda.
Therefore it will remain on the board’s agenda to ensure compliance of the proposed new requirements are adhered to.
What the changes mean and how they affect you
Client Asset protection is a regulatory priority for the CBI and will remain on the CBI’s supervisory and enforcement agenda due to the serious consequences that deficiencies could have for clients and counterparties as well as reputational damage to the Irish financial market.
Client Asset Requirements are changing and firms have to take steps to ensure they comply with the new requirements. The new requirements bring Fund Service Providers into scope for the first time, others will have to assess how their current framework must be modified.
What are the key changes?
The following are the key changes and additions to the Client Asset Regulations: