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ARTICLE · 06 OCTOBER 2015

Introducing A New Regulatory Framework For Irish UCITS

Maples Group
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On 5 October 2015, The Central Bank of Ireland (the "Central Bank") issued a statutory instrument that will form the basis for a new Irish regulatory framework for UCITS.

IrelandFinance and Banking
Barry McGrath
Barry McGrath
Peter Stapleton
Peter Stapleton
Stephen Carty
Stephen Carty
Carol Widger
Carol Widger
Adam Donoghue
Adam Donoghue
Eimear O'Dwyer
Eimear O'Dwyer
Ian Conlon
Ian Conlon
Ciara O'Leary
Ciara O'Leary
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On 5 October 2015, The Central Bank of Ireland (the "Central Bank") issued a statutory instrument that will form the basis for a new Irish regulatory framework for UCITS.

The Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015  (the "CB UCITS Regulations") shall replace the long established UCITS Notices which, along with the accompanying Central Bank Guidance Notes, will now fall away.

The CB UCITS Regulations will complement the main Irish regulations that implement the UCITS Directive (the UCITS Regulations1).  Both regulations will be supplemented by supporting regulatory guidance and Q&As (to be published by the Central Bank on specific UCITS issues in due course) and make up the complete UCITS regulatory framework.

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