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ARTICLE · 11 AUGUST 2016

Funds - Quarterly Update Q2 | April - June 2016

Maples Group
Maples Group
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Maples Group

Maples Group

The Maples Group, through its leading international law firm, Maples and Calder, advises global...

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The latest edition of our Funds Update - Ireland, a quarterly summary of Irish legal & regulatory, tax and listing developments in recent months.

IrelandFinance and Banking

1 LEGAL & REGULATORY

1.1 UCITS Update

There have been a number of developments over the quarter:

UCITS V Legislation

The UCITS V Directive 2014/91/EU ("UCITS V") entered into force on 18 March 2016. The European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) Regulations 2016 became effective on 21 March 2016 thereby implementing UCITS V into law in Ireland. European Commission Delegated Regulation ((EU) 2016/438 supplementing the UCITS V Directive with regard to obligations of depositaries (the "UCITS V Level 2 Regulation") came into force on 12 April 2016 and will apply from 13 October 2016.

Amendments to the Central Bank UCITS Regulations – CP 105

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