Cayman Islands

Irish Loan Origination Funds – Rules Update February 2018

As a result of the 2007-2008 financial crisis, lending from traditional sources such as banks has reduced mainly as a result of Basel III capital ratio regulations which were imposed on banks in relation to their lending activity. In Europe, the majority of Small to Medium Enterprise (“SME”) loans have traditionally come from banks. As […]

Funds, Flows & Facts – January 2018

In the first three quarters of 2017, UCITS and AIFs registered net sales of €761bn which is higher than the entire net sales of 2016 and sets 2017 on course to outperform the record figures which were seen in 2015. All categories of UCITS registered net inflows with bond funds the best performing category followed […]

Central Bank of Ireland Anti-Money Laundering Bulletin – December 2017

The Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended (the “Act”) imposes an obligation on funds to withdraw services from and ultimately discontinue the relationship with a non-AML compliant investor, where the non-compliance is the result of a failure of the investor to provide the information required by the fund. The standard […]

Global Fund Distribution Seminar

Date: Thursday, November 30th, 2017 Time: 7.30am – 8.00am Breakfast and Registration 8.00am – 8.05am Welcome 8.05am – 10.30am Seminar Location: Convene Conference Center, 237 Park Avenue, New York, NY 10017 (Entrance on 46th Street between Park Avenue and Lexington Avenue) KB Associates is pleased to invite you to its seventh annual global fund distribution […]

Funds, Flows & Facts – October 2017

The second quarter of 2017 was mostly characterised by gains in global equity markets. In the Eurozone, reduced political risk following the French election and positive economic news regarding the business climate in Germany contributed to initial gains

FATF Mutual Evaluation of Ireland 2017

The Report begins by placing Ireland in the context of the global economy—Ireland is among the IMF’s 29 systemically important financial centres, the 4th largest exporter of financial services in the EU. All components of the FATF mutual evaluation of Ireland 2017 are considered and full list of Ireland’s ratings can be found in the appendices

FCA Asset Management Market Study 2017- Final Report

The focus of the study is on the UK asset management industry and asset managers regulated by the FCA but it will also have an impact on Irish domiciled funds. The proposed remedies will impact both UK and non-UK asset managers selling Irish domiciled funds into the UK. A summary of the key findings of the study and the proposed remedies which will impact Irish domiciled funds are outlined here

Funds, Flows & Facts: July 2017

The first quarter of 2017 was characterised by gains in Eurozone, global and UK equities. In the Eurozone, the PMI reached a six year high in March and inflation increased. Political worries in Europe were less of a concern with fears of far-right election victories in both France and the Netherlands receding. The quarter also saw positive returns in the credit space in line with equities.

The Companies (Accounting) Act 2017

The Companies (Accounting) Act 2017 (the “Act”) became active on 9 June 2017 and transposes the EU Accounting Directive 2013/34/EU into Irish law. The main objective of the Act is to make the financial reporting and filing obligations of smaller companies less onerous. The Act impacts funds established as UCITS/AIFMD compliant investment companies (collectively “Investment […]

An Overview of MiFID II

Introduction The first Markets in Financial Instruments Directive (“MiFID I”) became effective on 1 November 2007. It introduced a number of items including the MiFID passport, client categorisation requirements, client order handling requirements, pre and post trade transparency requirements and requirements relating to investment firms ensuring that clients receive best execution. MiFID II will come […]

CP86 – A Comprehensive Overview

Introduction On December 19th 2016, the Central Bank of Ireland (“CBI”) published the final guidance on consultation paper 86 (“CP86”). CP86 addresses the effectiveness of Fund Management Companies (“FMCs”). The process commenced in September 2014 with the publication of the first of three consultations on this topic. The objective of CP86 is to introduce initiatives […]

General Brochure

Established in 2003, KB Associates (“KBA”) is an independent provider of management company and consulting services. We are dedicated exclusively to meeting the needs of asset managers establishing offshore investment funds. KBA works with a diverse range of asset managers enabling them to successfully develop their offshore funds businesses. KBA supports both traditional UCITS and […]

KBA Management Company Solution

Asset Managers wishing to establish a Unit Trust or Common Contractual Fund (CCF) require an approved management company. Asset Managers wishing to establish an Irish Collective Asset Management Vehicle (ICAV) may utilise a selfmanaged structure or a structure with a management company. KB Associates’ management company (“KBA ManCo”) is authorised by the Central Bank of […]