Guidelines and Operating Procedures of the LSC (Amendment) 2015

Summary

This is a short amendment to the Financial Services Commission's internal Guidelines and Operating Procedures of the Licensing and Supervisory Committee (LSC). It updates Schedule 3, which sets out which internal decision maker (Director of Division, Managing Director, Board, or other) is delegated authority to approve matters under specific pieces of financial services legislation.

• What changed: Schedule 3, Part III(d), covering the Investment Business (Approved Managers) Regulations, 2012, is amended to insert a new delegation entry for approval of an Investment Manager under section 7 of those Regulations.
• Nature of change: This is an internal FSC delegation of authority matter, specifying which FSC officer or body may approve an Investment Manager application, rather than a new requirement imposed directly on market participants.

The document does not itself create new filing, reporting, or compliance obligations for licensees or applicants; it clarifies internal FSC decision making authority for approvals under the Investment Business (Approved Managers) Regulations, 2012.

Applies to

Approved Managers (Investment Business (Approved Managers) Regulations, 2012)