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ARTICLE · 13 JUNE 2019

Central Bank Of Ireland Publishes Updated UCITS Rules

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The Central Bank of Ireland ("Central Bank") has published updated regulations setting out the Central Bank requirements applicable to Irish domiciled UCITS ("CB UCITS Regulations").

IrelandFinance and Banking
Tara Doyle
Tara Doyle
Michael Jackson
Michael Jackson
Dualta Counihan
Dualta Counihan
Anne-Marie Bohan
Anne-Marie Bohan
Shay Lydon
Shay Lydon
Liam Collins
Liam Collins
Philip Lovegrove
Philip Lovegrove
Elizabeth Grace
Elizabeth Grace
Oisin McClenaghan
Oisin McClenaghan
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The Central Bank of Ireland ("Central Bank") has published updated regulations  setting out the Central Bank requirements applicable to Irish domiciled UCITS ("CB UCITS Regulations").  The latest amendments are in the following four areas:

  • changes to reflect the European Securities and Markets Authority ("ESMA") Opinion on UCITS Share Classes (issued in January 2017);
  • new obligations in relation to UCITS performance fees provisions, the majority of which were previously contained in Central Bank guidance;
  • updates to reflect the application of the EU Money Market Funds Regulation ("MMFR"); and
  • amendments arising from the Central Bank's annual review of the CB UCITS Regulations.

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