INTRODUCTION
On 5 October 2015, the Central Bank published the Central Bank
UCITS Regulations 2015 which are to come into effect on 1 November
2015. These new Regulations, which are to be known as the UCITS
Rulebook, document in one place all of the requirements which the
Central Bank imposes on UCITS investment funds, UCITS management
companies and UCITS depositaries. The issue of the UCITS Rulebook
is the culmination of a consultation process (CP 77) on the Irish
UCITS rules that was initiated as far back as January 2014.
NEW UCITS RULEBOOK
The new UCITS Rulebook sets out the Central Bank requirements
for Irish UCITS. The UCITS Rulebook will supplement the existing
Irish legislative requirements (and in particular, the Irish
regulations which implement the UCITS Directive - the European
Communities (Undertakings for Collective Investment in Transferable
Securities) Regulations 2011). It is the first time that the rules
have been issued by the Central Bank on a
