The Central Bank of Ireland (CBI) has identified and is investigating 182 UCITS funds it suspects of being "closet trackers", with the funds regulator already forcing boards to take action on the "transparency" of fund documentation.
Following a review of 2,550 Ireland-domiciled UCITS funds marketed as active products, the CBI found 182 met pan-European regulator ESMA's definition of a closet tracker. The CBI has already made investigations...
Expected by Q2 2021
Rolls-Royce to cut 9,000 jobs
Data live from December
'No stone will be left unturned by regulators'
Scams prevention given weight
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams