Dublin 7

Antoinette Moriarty, B.A.(HONS.), MA, GRAD DIP., PG CERT.
Antoinette will conclude her professional training as a Psychotherapist later this year and is completing a M.Sc. in Integrative Psychotherapy at the Metanoia Institute, London. In addition to her work as a pre-accredited psychotherapist, she is a Student Development Advisor with the Law Society of Ireland and has been involved in the design, delivery and evaluation of personal and professional development and skills training for 20 years. Antoinette co-ordinated an Access Programme at Trinity College Dublin and was a Student Learning Advisor and a Programme Director at the University of Kent at Canterbury prior to joining the Law Society.

Attracta O’Regan, LLB, BL, PG CERT Learning, Teaching & Assessment, PG CERT Leadership & Mentorship, Head Of Law Society Professional Training
Attracta O’Regan is the Head of Law Society Professional Training since 2007. Attracta is also the project manager to the Law Society Skillnet since 2008 and the Law Society Finuas Network since 2009. Attracta has been responsible for the research and drafting of all Skillnets Ltd grant funding applications and consequential training plans since 2007. Attracta is also a member of Skillnets Ltd Certification Focus Group and a mentor to the Skillnets Ltd Mentor Support programme to support new training networks under the Skillnets Ltd Training Networks Programme. Attracta practised as a barrister for ten years before joining the Law Society in 2005. She qualified as a solicitor in 2009. She was the founding editor of the Irish Insurance Law Review and is the author of legal practice texts. She has lectured for University College Dublin, the Dublin Institute of Technology and the Law School of the Law Society of Ireland. She has also acted as an examiner for third level institutions.

Dr Jen Harvey, Head Of Learning, Teaching & Technology Centre, Tutor Cert In Learning, Teaching & Assessment
Jen originally graduated from Aberdeen University with a B.Sc. in Zoology and later completed an MPhil in Immunology while working in Edinburgh University. She then moved to Napier University where she obtained a Dip.Ed.Tech. from Abertay University and, in 1994, a PhD in science education in collaboration with Glasgow University. Jen became the DIT Head of Lifelong Learning in 2003, previously she was the Head of Distance Education. Before moving to Dublin she worked as an Implementation Consultant for the LTDI a SHEFC project based in ICBL, Heriot Watt University, Edinburgh. Current research interests relate to the use of technology to support learning, student assessment strategies, practitioner based evaluations and Communities of Practice.

Orla Hanratty B.ED (HONS), MSC
Orla has worked in higher education since 1999 in the area of professional development with teaching staff. She has designed and facilitated a range of programmes and was the programme co-ordinator of a Postgraduate Diploma in Higher Education. She is currently teaching on a number of postgraduate programmes in higher education and supervising Masters dissertations in this area. She holds a Bachelor of Education and Masters degree in IT and Education from Trinity College Dublin and is pursuing a Doctorate in Education researching accredited programmes in higher education. She is currently working as a Learning Development Officer in the Dublin Institute of Technology.

Time: 6.00pm – 8.30pm.
Module Seven – Online Tutorial Support Week 1st – 5th July 2013

Introduction to the Irish Financial Services Sector
 History and background to the establishment of the International Financial Services sector
 Current industry position, strategy and future

Introduction to Regulation & Compliance within the financial services sector
 The Role of the Compliance Officer
 Terms of Reference of the Compliance Officer

Introduction to Corporate Law & Governance
 Legal Framework

Corporate Governance within the Financial Services Sector
 Defining governance and its application to authorized financial services providers

Powers and duties of Directors
 Statutory regulations
 Duties and roles defined
 Restrictions and disqualifications

Transactions involving Directors
 Legal framework and applicable regulations

Corporate Compliance & Secretarial Management
 Statutory framework and best practice

Office of the Director of Corporate Enforcement
 Statutory Powers and functions
 Terms of Reference
 Investigation, compliance and enforcement

Governance from a practitioner’s perspective
 Best practice and knowledge management

The Proposed New Companies Bill
 Preparing for the future

Corporate governance – a focus on the financial services sector
 Sector specific issues and how they are addressed

Introduction to risk in the context of a solicitor acting as in-house counsel
 Law Society guidelines for in-house counsel
 In-house counsel view of risk

Risk assessment and management
 Risk analysis, accountability, operational risk, classifying risk and exposure to risk

Module 2- Investment Funds
Content
Introduction to the funds Industry in Ireland
 The establishment of the International Financial Services Centre (the ‘IFSC’)
 The Dublin Fund Industry Association & Statistics in Dublin
 Role of the IFSRA and what is a fund/collective investment scheme
 Role of Promoters, Management Company, Investment Advisers, Trustee, Service Providers, Accountants, Advisers

Introduction to funds
 Application for approval of Promoter, Manager and Investment Manager by IFSRA
 Authorisation of fund by IFSRA and process involved
 Preparation of authorization documentation e.g. prospectus, memorandum and articles of association, trust deed, partnership agreement, administration agreement form
 Review of prospectus by IFSRA

Fund Listing Procedure
 Listing documents and listing procedure of the ISE
 Listing of shares or units on the ISE and listing particulars
 Listing of both Irish domiciled and foreign domiciled funds
 Examination of directors

Types of collective investment schemes and their objectives
 Types of collective investment schemes and their objectives
 Umbrella funds and sub funds
 Open ended and closed ended schemes, feeder funds, venture funds, fund of funds, retail fund, professional and qualifying investor fund, property schemes, hedge funds, umbrella funds
 Professional investors, qualifying investors, retail investors, institutional investors and other investors

UCITS Funds
 Unit Trusts, Variable capital investment companies
 UCITS Directives, regulation and notices
 Investment restrictions for UCITS
 Borrowing powers, redemption, capital, EU. Passport

Non-UCITS Funds
 Unit trusts, variable capital investment companies and limited partnerships
 Investment limited partnership Act 1994
 IFSRA’s Non-UCITS notices and burrowing powers

Unit Trusts & Investment Companies
 Trust deed, management company
 Unit Trust legislation and regulations
 Issue, redemption and transfer of units
 Role and liability of Trustee
 Termination
 Investment Company memorandum & articles of association
 Part XIII Companies Act 1990 or UCITS regulations
 Issue, redemption & transfer of shares
 Board of Directors, incorporation and termination

Administration of fund administration agreements and related agreements
 Administration of fund administration agreement
 Duties of trustees & custodian agreement
 Duties of investment manager
 Management agreement and investment advisory agreement
 Determining the net asset valuation (NAV) per share or unit

Supervision of funds by IFSRA
 Supervision of funds by IFSRA
 IFSRA guidelines and notices for UCITS and non-UCITS
 Restrictions on investments of schemes
 Restrictions on advertising guidelines-marketing of funds
 Investment funds, companies and legislative provisions

Introduction to the General Irish Financial Services Sector
 History and background to the establishment of the International Financial Services sector
 Current industry position, strategy and future

Introduction to Regulation & Compliance within the financial services sector
 The role of compliance
 Terms of Reference of the Compliance Officer

Introduction to Corporate Law & Governance
 Legal Framework

Corporate Governance within the Financial Services Sector
 Defining governance and its application to financial services providers

Powers and duties of Directors
 Statutory regulations
 Duties and roles defined
 Restrictions and disqualifications

Transactions involving Directors
 Legal framework and applicable regulations

Corporate Compliance & Secretarial Management
 Statutory framework and best practice

Office of the Director of Corporate Enforcement
 Statutory Powers and functions
 Terms of Reference
 Investigation, compliance and enforcement

Governance from a practitioner’s perspective
 Best practice and knowledge management

The Proposed New Companies Bill
 Preparing for the future

Taxation of Collective Investment Schemes & Exemptions
 Taxation of collective investment schemes and exemptions
 Foreign schemes and taxation of foreign domiciled funds
 European passport and relocating funds

Regulatory compliance, statutory returns & reports
 Regulatory compliance – money laundering
 Monthly returns, annual and half yearly accounts, capital requirement, filling requirements with IFSRA
 Continuous secretarial compliance & statutory books
 Recent developments

Module 3- Credit Union Law
Content
Credit Union Governance
 Background to Credit Unions
 Directing the credit union, management and control of the credit union
 Managing the credit union
 Control of the credit union
 Role of supervision within the credit union
 Individual volunteer roles & responsibilities

Credit Union Operations
 Credit Unions and their organizational framework
 Credit Union legal framework
 Membership requirements and the common bond
 Credit union core services
 Internal control issues
 Member services

The Legislative Framework of Credit Unions
 Credit union legislation
 Credit union regulation
 Compliance for credit unions
 Regulatory compliance

Lending & Credit Collection
 Lending and legislation
 Lending framework
 Lending assessment
 Credit control

Credit Union Finance
 The finance function in a credit union
 The fundamentals of accounting
 The income & expenditure account
 The analysis and use of accounting information

Credit Union Insurance
 Financial products
 Legal & regulatory principles of insurance
 Payment protection insurance
 General credit union insurance policies, home union, auto loan and travel insurance
 Loan protection, life savings insurance and death benefit insurance
 Mortgages and pensions
 Anti-money laundering and data protection for authorized products