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ARTICLE · 01 OCTOBER 2024

Central Bank Issues Process Clarification For Changes To UCITS And AIFs Resulting From ESMA's Fund Names Guidelines

Arthur Cox
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The Central Bank of Ireland (the "Central Bank") today published an Industry Communication clarifying the filing procedure for UCITS and AIFs to comply with upcoming pre-contractual...

IrelandFinance and Banking
Kevin Murphy
Kevin Murphy
Tara O'Reilly
Tara O'Reilly
Ian Dillon
Ian Dillon
Dara Harrington
Dara Harrington
Cormac Commins
Cormac Commins
Siobhan McBean
Siobhan McBean
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The Central Bank of Ireland (the "Central Bank") today published an Industry Communication clarifying the filing procedure for UCITS and AIFs to comply with upcoming pre-contractual documentation (prospectus/supplement/SFDR annex) update requirements, where applicable.

The process clarification relates to changes resulting from the European Securities and Markets Authority's ("ESMA") guidelines on funds' names using ESG or sustainability-related terms (the "Guidelines"). The Guidelines were published last month and apply from 21 November 2024 (the "Application Date") for new UCITS and AIFs. Managers of funds existing before the Application Date should apply the Guidelines in respect of those funds from 21 May 2025. The timing of the Guidelines was covered in our recent Insights Blog.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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