Fund management companies who propose to provide individual portfolio management services should contact the Central Bank in advance of submitting an application for authorisation and should supply the Central Bank with the following additional information as part of the application for authorisation.

1. An additional section to the business plan referred to in paragraph 1 of this guidance to include the following:

a. a full description of the services to be provided;

b. details of the resources which the fund management company proposes to put in place to support this business, namely:

i. staff;

ii. systems; and

iii. procedures.

The information provided should outline the organisational structure of the fund management company, specifying the reporting lines and functions. It should identify the officers responsible for each of the compliance, financial control, internal audit, risk management and money laundering reporting functions, where relevant, and provide a detailed description of their respective roles within the company. Brief details of the procedures to be adopted by the fund management company are required, together with confirmation that the full procedures are available to the Central Bank upon request;