1. In addition to the provisions of the investment fund legislation, an AIF management company shall consult with the Central Bank prior to -
(a) engaging in any significant new activities; or
(b) establishing new branches, offices or subsidiaries.
2. The AIF management company shall notify the Central Bank immediately where the AIF management company becomes aware of, or those acting on its behalf inform it of:
(a) any breaches of investment fund legislation or of the Central Bank's requirements (including this chapter) which are applicable to the authorised AIF or AIF management company;
(b) breaches of other Irish legislation which may be of prudential concern to the Central Bank or which may impact on the reputation or good standing of the authorised AIF or AIF management company;
(c) the commencement of any significant legal proceedings by or against the authorised AIF or AIF management company;
(d) any situations or events which impact, or potentially impact, on the authorised AI
…