Newsletter 06/2011
Funds News
AIFM Directive - Council adopts EU rules for alternative investment fund managers
On 27 May, 2011, the Council of the European Union officially adopted the Alternative Investment Fund Managers (AIFM) Directive. The Directive introduces harmonised EU rules for entities engaged in the management of alternative investment funds, such as hedge funds and private equity firms.
Click here for full article
Enforcement
Central Bank enters into a Settlement Agreement with Scotiabank (Ireland) Limited
On 2 June, 2011, the Central Bank of Ireland entered into a Settlement Agreement with Scotiabank (Ireland) Limited (Scotiabank) and imposed a monetary penalty of €600,000.
Click here for full article



Bank of Scotland fined £3.5 million for poor complaints handling
Treating Customers Fairly

The UK Financial Services Authority (FSA) has fined Bank of Scotland (BOS) £3.5 million (after a 30% discount) for breaching Principle 3 (management and control) and Principle 6 (Customers’ interests) of the FSA Principles for Businesses for the mishandling of complaints about retail investment products.


Click here for full article
Europe
Omnibus II

On 9 June 2011, the Council of the European Union published a presidency compromise proposal in relation to the proposed Omnibus II Directive. The Directive will amend the Solvency II Framework Directive (Solvency II) and the Prospectus Directive to reflect recent EU regulatory reform, including the establishment of the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA).

 Click here for a copy of the compromise text.

Corporate Governance News
"Pillar A" of new consolidated Companies Bill published

On 30 May, 2011, the Minister for Jobs, Enterprise and Innovation, Richard Bruton, published Pillar A of the new consolidated Companies Bill.

This is the first concrete evidence of the promised reform of Irish company law. The principal act in this area dates from 1963 and the scope of company law has considerably advanced since then with the introduction of new types of entity such as the Variable Capital Investement Company and resolution procedures such as examinership and administration. Some of these 'innovations' have been around for over twenty years and the new bill intends to consolidate these concepts into a single piece of legislation.


Click here for full article
Training
In-house training

It may be more cost-effective and time-efficient to have your staff trained in-house rather than sending them out to external courses. As well as our public training courses, Compliance Ireland regularly provides in-house training to firms around the country.  The benefits of in-house training include:

  • we can tailor content to your company/industry requirements
  • we can tailor content to focus on specific topics within a subject area
  • we can help you ensure that you comply with mandatory/regulatory staff training requirements
  • reduce costs by running courses from your offices
  • reduce costs by printing off course content

For more information, see our website - http://www.complianceireland.com/inhousetraining.html or contact us at email@complianceireland.com.




Training dates for June/July 2011

The following courses are running in June and July. Courses will resume in late September.  Details of each course's CPD hours can be found on our website training page.

WHEN:

COURSE:

 Thursday 23rd June 2011

(9.00am to 1.00pm)

 Central Bank Inspections and Enforcement

(Half Day - Dublin)

 Friday 24th June 2011

(9.00am to 5.00pm)

Understanding MiFID

(Full Day - Dublin)

 Tuesday 28th June 2011

(9.00am to 5.00pm)

Anti-Money Laundering & Counter-Terrorist Financing

(Full Day - Dublin)

 Thursday 28th July 2011

(9.00am to 5.00pm)

Anti-Money Laundering & Counter-Terrorist Financing

(Full Day - Dublin)

Further details are available on our website at: http://www.complianceireland.com/publictraining.html




How to Make a Booking

Course Fees

Our course fees are as follows:

  • Full day: €620
  • Half day: €380

A second attendee from the same firm attending the same day receives a discount (the fee for the second attendee is reduced to €550).

How to Make a Booking

You can book any of our courses online. See http://www.complianceireland.com/publictraining.html for the course of your choice.

You can make a booking by sending an email to bookings@complianceireland.com containing the following information:

  • your contact details
  • the name and date of the course that you would like to attend
  • the attendee(s) name(s)
  • the name of the person that the invoice should be addressed to
  • any reference/cost centre/purchase order number that you would like stated on the invoice

We will follow up your booking by sending out an invoice.

Course Fee Payment Methods:

We accept payments by bank/wire transfer, cheque and credit card (via PayPal links on our website).

Course Venues

Our training courses are run in Dublin city centre venues (ie Dublin 1 or Dublin 2). Most of our courses are held in the Camden Court Hotel, Camden Street, Dublin 2. Attendees will be notified closer to the course event if the venue is not specified at time of booking. 

Terms & Conditions:

Our Terms and Conditions and Cancellation Policy (‘Terms’) are located at http://www.complianceireland.com/Events_Term_Cancel.html.  Please read the Terms before making your booking.  A link to the Terms appears on each webpage advertising a course/Event.  Please note that Compliance Ireland reserves the right to alter the content and/or cancel scheduled courses/Events.  Where Compliance Ireland cancels a course/Event a full refund will be made.  All bookings must be paid for in advance unless agreed otherwise. Please also see our Privacy Policy/Statement at http://www.complianceireland.com/gpage.html 

Job Vacancies
Compliance Ireland Jobs Board

Compliance Ireland offers a free service to employers to advertise roles in risk, compliance, legal, data protection, AML, corporate secretarial and other governance type sectors.  We offer this page as a free medium to Irish firms searching for compliance, legal and risk personnel.

This month, we have uploaded 4 new posts.  These can be viewed at: http://www.complianceireland.com/jobs.html

(1) For candidates

- register for updates: If you wish to be notified of listings added to this website please send an email to updates@compliancejobs.ie. To be deleted from the updates list simply send an email to deleteme@compliancejobs.ie

 (2) For employers

- list/post a role: For employers only (no recruitment professionals/agents) - If you would like to advertise your opening(s) on this page send an email to jobs@compliancejobs.ie or telephone 01 425 5962. To upload your opening we will need the following:

  1. a copy of your job specification in Word format.
  2. supply us with exact details of how candidates contact you, i.e. email, phone, fax or post
  3. request us to mark your role - 'No Agents' if you do not want third parties (e.g. recruitment agents/job listing boards) to contact you. We are aware that recruitment agents do contact employers posting roles on this website. If you are contacted by agents in a manner that you are unhappy with, please let us know by calling Kevin O'Doherty on +353 1 425 5962 or email@complianceireland.com.

We aim to have your opening posted within 24 hours of receipt.

You can access our jobs board at: http://www.complianceireland.com/jobs.html

13 June 2011
In This Issue
Funds News
AIFM Directive - Council adopts EU rules for alternative investment fund managers
Enforcement
Central Bank enters into a Settlement Agreement with Scotiabank (Ireland) Limited
Bank of Scotland fined £3.5 million for poor complaints handling
Europe
Omnibus II
Corporate Governance News
"Pillar A" of new consolidated Companies Bill published
Training
In-house training
Training dates for June/July 2011
How to Make a Booking
Job Vacancies
Compliance Ireland Jobs Board
Useful Links
Compliance Ireland
Compliance Ireland
Lower Ground Floor
13 Adelaide Road
Dublin 2

T: +353 1 425 5962
E: email@complianceireland.com
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