There are ongoing requirements in relation to Fund Administrators that fall outside the scope of previous sections. This section highlights some of these requirements and how they are dealt with.
The following list is not exhaustive and is intended to serve as a guide only. If any Fund Administrator is unclear of its obligations they should contact the Investment Service Providers Supervision Department.
Change of Director/Manager
Any change of director/manager should be notified to the Central Bank. This includes both proposed appointments and resignations. All proposed appointees are subject to the ‘Fitness & Probity’ regime as outlined in the Supervision Process Section.
Change in Qualifying Holding
Changes to qualifying holdings in Fund Administrators are subject to the approval of the Central Bank and details of the exact requirements are set out in the Authorisation Process.
Firms are obliged to advise the Central Bank on an annual basis of its ownership structure.
Change of Company name
The Central Bank must first approve any change in company name before it is submitted to the Companies Registration Office.
Application for extension of authorisation
An application by a firm to extend its authorisation requires review and the prior approval of the Central Bank.
Capital Contributions and Subordinated Loans
Capital contributions and subordinated loans are accepted as part of the financial resources requirement provided they are executed in the Central Bank's approved format.
Change of Address
Any change of address by a company must be notified in advance to the Investment Service Providers Supervision Department. This will allow us to update our records and systems on a timely basis.
Other changes
If there is uncertainty regarding whether a change within a firm constitutes a material change for supervisory purposes you should contact the Investment Service Providers Supervision Department directly.