Central Bank Of Ireland Updates UCITS Rules

The Central Bank of Ireland (“Central Bank”) has published updated UCITS rules and guidance, together with a feedback statement relating to Consultation Paper 161 (“CP161”). The updated documents are:

• Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2026 (“Central Bank UCITS Regulations”) which repeal and replace the earlier regulations published in 2019; and
• Central Bank Guidance on performance fees for UCITS and certain types of retail investor AIFs (“Performance Fee Guidance”).

The publication follows a consultation commenced in September 2025, the purpose of which was to align the Central Bank’s framework with amendments to the EU UCITS framework introduced under AIFMD 2.0.¹ The Central Bank has taken the opportunity to update the framework to take account of domestic policy developments since the current Central Bank UCITS Regulations were published. The consultation also