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ARTICLE · 17 JULY 2026

Key Updates To Ireland's UCITS Regulatory Framework

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The Central Bank of Ireland has introduced significant reforms to the domestic UCITS framework, including new performance fee requirements, enhanced liquidity management tools, and streamlined ETF provisions. These changes, effective July 10, 2026, aim to strengthen Ireland's position as a leading domicile for retail investor products while aligning with European regulatory standards.

IrelandFinance and Banking
Nicholas Blake-Knox
Nicholas Blake-Knox
Damien Barnaville
Damien Barnaville
Aongus McCarthy
Aongus McCarthy
Emmet Quish
Emmet Quish
Claire Winrow
Claire Winrow
Joe Mitchell
Joe Mitchell
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On 10 July 2026, the Central Bank of Ireland (the Central Bank) introduced a number of changes to the domestic UCITS rules and performance fee guidance. These reforms follow the CP161 consultation process, which ran from September to November 2025 (as outlined in our previous briefing), and should further strengthen Ireland's position as a leading domicile for retail investor products.

The Central Bank’s amendments are set out in the following:

  • CP161 Feedback Statement;
  • Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2026 (S.I. 316 of 2026) (the "2026 CBI Regulations"); and
  • Revised Guidance on Performance fees of UCITS and certain types of Retail Investor AIFs (the "Performance Fee Guidance").

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