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ARTICLE · 23 OCTOBER 2018

Central Bank Streamlines Procedures For Irish Retail Funds

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By way of correspondence dated 9 October 2018 to Irish Funds, the trade body representing funds established in Ireland, the Central Bank of Ireland (the "Central Bank") ...

IrelandFinance and Banking
Nicholas Blake-Knox
Nicholas Blake-Knox
Eimear Keane
Eimear Keane
Nessa Joyce
Nessa Joyce
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By way of correspondence dated 9 October 2018 to Irish Funds, the trade body representing funds established in Ireland, the Central Bank of Ireland (the "Central Bank") notified industry of a series of amendments to its procedures for Irish UCITS and Retail Investor Alternative Investment Funds ("RIAIFs").

The welcome procedural amendments, introduced with immediate effect, focus on expediting the processing of certain authorisation and post-authorisation amendments for UCITS and RIAIFs through the introduction of a same-day approval process for those applications. The same-day approval process has been implemented in respect of the following, each of which were previously subject to the prior review of the Central Bank:

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