Annual audited accounts of Non-UCITS Management Companies must be submitted to the Central Bank within four months of the relevant reporting period. The accounts must be accompanied by the Minimum Capital Requirement Report, which forms part of the Non-UCITS Notices.
Half-Yearly / Quarterly / Monthly Returns
Non-UCITS Management Companies are required to submit certain financial information to the Central Bank. This includes financial statements such as a Balance Sheet and Profit & Loss account and the Minimum Capital Requirement Report which forms part of the Non-UCITS Notices. The appropriate reporting interval is advised to a Non-UCITS Management Company on an individual basis.
Online Submission of Financial Returns
From 01 September 2011, Non-UCITS Management Companies must submit a number of financial returns in an electronic format. These returns are submitted through the Central Bank's web-based Online Reporting ('ONR') System. The following items should be of assistance when completing returns:
The following table provides a summary of reporting requirements for Non-UCITS Management Companies. Please note that reporting obligations may vary on a firm-by-firm basis.
Co-operation with the Central Bank
Non-UCITS Management Companies are required to notify the Central Bank of any material breaches, the commencement of any significant legal proceedings and any visits/fines by another Supervisory Authority.
Following the audit of a Non-UCITS Management Company's financial statements, the auditor of a Non-UCITS Management Company must supply the Central Bank with a copy of the 'Management Letter' issued to the Non-UCITS Management Company's Board of Directors.
In addition, auditors of Non-UCITS Management Companies must make an annual 'Statutory Duty Confirmation' to the Central Bank stating whether any circumstances came to their attention during their annual audit that gave rise to a duty to report the matter(s).
Both the 'Management Letter' and 'Statutory Duty Confirmation' should be submitted in hard copy to the Central Bank.