tailieunhanh - Information Release Central Bank Data on Investment Funds

Notwithstanding that the AIFM must be able to provide both functions in order to be authorised, it may choose to delegate the portfolio management and/or the risk management function. In such cas- es, and as set out above, the delegation of these functions should comply with the rules set out under Article 20 of the AIFMD and the relevant Level 2 measures. Therefore, the liability of the AIFM will not be affected by the fact that the AIFM has delegated the portfolio management and/or risk man- agement functions to a third party, or by any further sub-delegation. Furthermore, neither of these functions. | Banc Ceannais na hÉireann Central Bank of Ireland Eurosystem Information Release 6 July 2012 Central Bank Data on Investment Funds1 The Central Bank today publishes statistics for Q1 2012 on investment funds IFs resident in Ireland. Irish resident IFs expanded strongly in Q1 2012 driven by performing global equity markets and apparent expanding investor confidence evident in new subscriptions. When reclassifications are excluded IFs measured by total shares units in issue increased in value to billion at end Q1 2012 up from billion at end Q4 2011. This increase is accounted for by revaluations of billion and positive net transactions of billion. Aggregate IF data contains revisions back to Q1 2010 and reclassifications in Q4 2010 and Q1 2012. The revisions mainly relate to information made available through the Funds Annual Survey of Liabilities which measures the sectoral and geographical distribution of shares units in issue. The annual survey is conducted in Q2 of each year. The impact of each annual survey was previously fully reflected in Q2 only but now year-on-year changes are smoothed into the quarterly numbers to better reflect the nature of these changes. Notable shifts in ownership patterns became evident in the most recent annual survey for example 29 billion moved from other monetary union to the rest of the world in Q1 2012. Improvements in the recording of repurchase agreements saw shifts within asset holdings of billion in Q1 2012 billion in Q4 2011 from securities other than shares to deposits and loans. An improvement in the recording of reverse repos has led to a balance sheet increase of billion in Q1 2012. This is recorded in securities other than shares on the asset side and loans and deposits on the liability side respectively. Securities other than shares declined by billion in net terms in Q1 2012 as a result of these data improvements. 1 These data were first introduced in the article The Investment