To subscribe to the free News Service covering MiFID and other regulatory compliance topics type 'SUBSCRIBE' into the subject header of an email and send it to news@complianceireland.com. PILLAR 3 DISCLOSURES AND ICAAP OBLIGATIONS Compliance Ireland's 2/2009 (June 2009) Newsletter available at http://www.complianceireland.com/documents/CI_Newsletter_June09_web.pdf contains a detailed article on the (Irish) Financial Regulator's recent reminder to MiFID firms of their obligations to develop and maintain an Internal Capital Adequacy Assessment Process (“ICAAP”) document. The Financial Regulator reminds that these documents are to be kept up to date, expecting them to be reviewed quarterly by the firm in current market conditions. The Financial Regulator has previously stated that it intends to inspect firms’ ICAAP documents in 2009. But this is an area also subject to ongoing monitoring – The Financial Regulator is reminding firms that they are also required to include ICAAP results as part of their quarterly Capital Requirements filings. Compliance Ireland has extensive experience of assisting firms draft, update and complete their ICAAP processes and documents. We have worked with both non-complex firms, such as Asset Managers, and complex firms, such as CFD trading firms. Compliance Ireland can assist you to risk assess your business, both in terms of investment operations and general corporate exposures. We can help you consider appropriate stress testing and then assess capital requirements to set aside against those risks. We can help you draft or revise your ICAAP document, or simply review the document already created in-house. RISK MANAGEMENT AND INTERNAL CONTROLS Compliance Ireland's 3/2008 (July 2008) Newsletter available at http://www.complianceireland.com/documents/CI_Newsletter_July08.pdf contains a detailed article on the (Irish) Financial Regulator's recent request from MiFID firms on their Risk Management and Internal Controls.  Firms were required to respond to the Financial Regulator by 18th July confirming that: (i) all necessary internal controls and risk management processes were in place; or (ii) where these are not in place, the firms were required to provide details of remedial action work and timelines for implementation.  If your firm is experiencing difficulty in responding to the letter, contact Kevin O’Doherty at +353 1 425 5962 or by email at email@complianceireland.com for assistance. Please note that (except in accordance with the Data Protection Acts 1998 & 2003 (Ireland)) Compliance Ireland does not pass your information onto anyone outside its organisation. Your privacy is appreciated and respected.  Compliance Ireland adopts a plain English statement on your data protection and privacy rights which may be viewed here. Rest assured that by electing to subscribe to the above service, you will only receive e-mails/communication from us in appropriate circumstances. Whenever you wish to be removed from this service, simply send an e-mail to deleteme@complianceireland.com. It is that simple! Please use the buttons to the left to navigate this site to find out more on how and when MiFID will be implemented in Ireland.