Process For UCITS SMIC Business Plan Filings Confirmed

The Central Bank of Ireland (the "Central Bank") has outlined the process through which revised Business Plans of authorised UCITS self-managed investment companies ("SMICs") will be filed with the Central Bank.

For existing UCITSSMICS, the deadline for Compliance with the UCITS IV change is 1 July 2013.

All new SMIC applications received from January 2013 must comply in full with the new requirements. Revised versions of the Central Bank's UCITS Notice 2 and Guidance Note 4/07 are expected to be issued shortly.

In its letter, the Central Bank confirmed that the following documentation must be filed:

• marked-up copy of the SMIC Business Plan showing the UCITS IV changes made;