Designated Persons
Designated Persons refers to a Pre-Approved Control Function (‘PCF’) that must be approved by the Irish Regulator, the Central Bank of Ireland. There are 6 Management Functions (oversight functions) that must be carried out by a funds Designated Persons on a day to day basis. The 6 functions are the following:
- Investment Management
- Fund Risk Management
- Operational Risk Management
- Regulatory Compliance
- Capital & Fianancial Management
- Distribution