The Central Bank of Ireland (CBI) UCITS Regulations 2026 have been published and are in force.
They repeal and replace the 2019 CBI UCITS Regulations effective 7 July 2026. Many changes align the provisions with AIFMD2 / UCITS6 requirements, such as liquidity management techniques.
The CBI has responded to industry stakeholder feedback given as part of the consultation process on the updated rules which concluded in November 2025. Some industry feedback was taken on board while other points were not.
The CBI’s guidance on performance fees for UCITS and Retail AIFs has also been updated and published.
UCITS managers will need to understand the changes made in the new Regulations and guidance and assess the implications on fund policies, processes and disclosures. The William Fry Asset Management & Investment Funds team can support you with this analysis.