YEARBOOK & DIRECTORY

The Yearbook & Directory of Ireland's international financial services industry
Thursday, 28th March 2024

ByrneWallace LLP

Practice Area: Financial Services Regulatory and Risk Management [Financial Services Audit & Advisory]

Profile: The ByrneWallace LLP Financial Services Team advise on all aspects of investment management, including the establishment, ongoing operations and supervision of regulated investment funds in Ireland.

The team advise on a broad range of legal, regulatory and tax matters, and all types of regulated investment funds including, UCITS, AIFs, and REITs. We have significant experience advising on ICAVs, PLCs, unit trusts, CCFs and private investment funds (including partnership structures).

The core of our practice is advising on authorisation and supervision of Irish regulated financial institutions including:

- The ECB and the Central Bank of Ireland as financial regulators
- The Single Supervisory Mechanism
- The Central Bank of Ireland's revitalised approach to assertive supervision under the PRISM model
- The Central Bank of Ireland's enforcement regime including its administrative sanctions process and appeals to
IFSAT
- Judicial review of regulatory decisions or directions
- The Central Bank of Ireland's approach to investigations and on-site/off-site inspections, and third party expert
reports
- Resolution measures taken by the Central Bank of Ireland
- Solvency II
Services:
  • Authorisations, and Conduct of Business Rules, including Banking and MiFID
  • Regulatory capital
  • Insurance regulation
  • Risk management
  • Payment services
  • Passporting into and from other EU jurisdictions
  • Product structuring and establishment
  • Transfers of financial institutions and related due diligence
  • Outsourcing
  • Design of compliance procedures
  • Pre-approval control functions