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ARTICLE · 23 APRIL 2018

Funds - Ireland - Quarterly Update Q1 | January – March 2018

Maples Group
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The other question on the PRIIPS Regulation confirms that UCITS are exempt from producing a PRIIPS KID until 31 December 2019.

IrelandFinance and Banking
Peter Stapleton
Peter Stapleton
Stephen Carty
Stephen Carty
Carol Widger
Carol Widger
Emma Conaty
Emma Conaty
Ciara O'Leary
Ciara O'Leary
Ian Conlon
Ian Conlon
Eimear O'Dwyer
Eimear O'Dwyer
John Gallagher
John Gallagher
Pádraig Brosnan
Pádraig Brosnan
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1 Legal & Regulatory

1.1 UCITS Update

There have been a number of developments over the quarter:

Review of the Irish UCITS regulatory framework

On 29 March 2018 the Central Bank of Ireland (the "Central Bank") published a consultation paper ("CP119") which proposes to consolidate and amend the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015 (which forms the basis for the Irish regulatory framework for UCITS along with regulatory guidance and Central Bank Q&As on specific issues).

Changes are reflected in the draft Central Bank UCITS Regulations appended to CP119. Some key changes include:

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