Designated Persons in a Fund Management Company
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The Professional Certificate for Designated Persons in a Fund Management Company has been carefully designed to equip professionals in the funds industry with the necessary competence to fill DP roles and is the only accredited qualification at this level.
This certificate has been designed in consultation with our Funds Advisory Board, Irish Funds and a variety of industry experts.
The Central Bank of Ireland requires that a Fund Management Company or self-managed fund (“Fund ManCo”), which delegates activities, must appoint a number of Designated Persons to carry out prescribed managerial functions. Designated Persons (DPs) are the individuals who are responsible for monitoring and overseeing the managerial function assigned to them. DP roles are Pre-Approval Controlled Functions (PCFs) under the Central Bank of Ireland's Fitness and Probity regime.
According to Central Bank of Ireland guidance, Designated Persons (DPs) are a Fund ManCo’s line of management that lies between the board of directors and delegates. In that sense they can be regarded as the senior leadership team or an integral part of the Fund ManCos Senior Leadership Team.
There are six managerial functions and the related PCFs are as follows: Capital and Financial Management (PCF-39A); Operational Risk Management (PCF-39B); Fund Risk Management (PCF-39C); Investment Management (PCF-39D); Distribution (PCF-39E); and Regulatory Compliance (PCF-39F).
Award
Professional Certificate for Designated Persons in a Fund Management Company from UCD
This is a Level 9 qualification on the National Framework of Qualifications and carries 10 ECTS
Subjects taught
Designated Persons in a Fund Management Company (NFQ level 9, 10 ECTS)
You study one module which carries 10 ECTS (academic credits). The course of study will focus on each of the following areas:
Legal and Regulatory Requirements
The DP Appointment Process
The DP mindset - constructive challenge
Conflicts management
Engagement with the board including the board of funds under management and with the Central Bank of Ireland
Entry requirements
The minimum entry requirements to the Professional Certificate for Designated Persons in a Fund Management Company are as follows:
Honours degree (second class honours grade 2 award or higher)
or
Admission may also be considered for experienced professionals who do not meet the admission requirements as set out above, where they can demonstrate knowledge through their work i.e. they have more than 5 years’ experience in a management role (to be considered on a case by case basis).
Professional body membership
You must be a current member of IOB, or become a member, to undertake this programme.
Duration
The first of ten lectures for this programme will be delivered in-person at IOB, Northwall Quay Dublin 1, D01 T8Y1
All subsequent lectures will be delivered on Tuesday evenings online via zoom
All lectures run from 6pm-9pm.
Enrolment dates
Next intake Autumn Trimester (2024/2025 academic year)
Please note that the programme content and fees are subject to change in the 2024/2025 academic year. Any changes will be outlined in the 2024/2025 prospectus and at iob.ie in August - the start of the new academic year.