Designated Persons in a Fund Management Company
The Professional Certificate for Designated Persons in a Fund Management Company was introduced to support the development of individuals in Designated Person roles, or those who aspire to these roles. It is also relevant to individuals who support Designated Persons and to other professionals in Fund Management Companies.
| Award Name | Special Purpose Certificate (Level 9 NFQ) |
|---|---|
| NFQ Classification | Special Purpose |
| Awarding Body | University College Dublin |
| NFQ Level | Level 9 NFQ |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Special Purpose Certificate (Level 9 NFQ) | Special Purpose | University College Dublin | Level 9 NFQ |
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.
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.
Further information
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.
€1,760 for the programme
For people who are interested in......
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
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
Assessment of learning outcomes is via assessment components during and at the end of the trimester
How you will benefit
The programme will support your personal and professional development in taking on senior roles in the fund management industry. It will:
Enhance your knowledge and skills; and
Equip you with the competencies necessary to take on a DP position, or to support a DP
The programme will achieive these objectives by:
Ensuring that you have a full understanding of the legal and regulatory obligations including the Central Bank of Ireland expectations in this area;
Guide you on how you can develop a “DP mindset”;
Provide you with a good understanding of the various conflicts that can arise from multiple sources and situations and how these can be addressed, with a strong focus on the practicalities of challenge in different situations and different DP roles;
Equip you to engage successfully with boards and with the Central Bank of Ireland.
education@iob.ie
Phone: +353 (0)1 6116 500