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ARTICLE · 02 MARCH 2016

Funds - Ireland - Quarterly Update Q4 | October - December 2015

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Funds - Ireland - Quarterly Update Q4 | October - December 2015

Cayman IslandsFinance and Banking
Barry McGrath
Barry McGrath
Peter Stapleton
Peter Stapleton
Stephen Carty
Stephen Carty
Adam Donoghue
Adam Donoghue
Carol Widger
Carol Widger
Ian Conlon
Ian Conlon
Ciara O'Leary
Ciara O'Leary
Eimear O'Dwyer
Eimear O'Dwyer
John Gallagher
John Gallagher
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1 Legal & Regulatory

1.1 UCITS Update

There have been a number of developments over the quarter:

Central Bank UCITS Regulations 2015

The Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015 ("Central Bank UCITS Regulations 2015") which came into effect on 1 November 2015 consolidate all requirements which the Central Bank of Ireland ("Central Bank") imposes on UCITS, UCITS management companies and depositaries of UCITS. They also supplement existing requirements, in particular, the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011. The Central Bank restructured its UCITS guidance to reflect the publication of these Regulations. A comprehensive set of forms relating to UCITS applications and post authorisations have also been updated.

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