Post Authorisation for Fund Administrators 

There are ongoing requirements in relation to Fund Administrators that fall outside the scope of previous sections. This section highlights some of these requirements. 

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 Funds Supervision Division.

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. 

The attached Acquiring Transaction Notification Form For Authorised MiFID Investment Firms & Fund Service Providers is to be used to provide prior notification to the Central Bank of proposed changes to qualifying holdings.

The Central Bank would appreciate a pre-engagement discussion with proposed acquirers prior to submission of the Acquiring Transaction Notification Form (ATNF). Please contact the Authorisation team by email - [email protected] to arrange a pre-engagement discussion on proposed ATNF's.

Change of Company Name

The Central Bank must first approve any change in company name before it is submitted to the Companies Registration Office (CRO). 

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 accordance with the Central Bank's approved format. 

Change of Address

Any change of address by a firm must be notified in advance to the Funds Supervision Division. This will allow supervisors to update Central Bank 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 regulatory purposes you should contact relevant supervisors directly.