CP86: A governance trajectory for Fund Management Companies

Commencing in 2014, following three rounds of consultation, the final text of Consultation Paper 86 (CP86) was pronounced in December 2016 with an implementation date of 1st July 2018. On the anniversary of its issuance, the Central Bank of Ireland (CBI) commenced a review that had three phases to see how well CP86 was implemented. A questionnaire in July 2019, was followed by desk top reviews and finished with thirty on-site visits. The goal was simple, it was “to identify standards of industry compliance in order to inform our supervisory approach and ensure that the required effectiveness and systems of governance are in place to protect investors’ best interests”.

Eoin Motherway, 06 November 2020

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