Introduction
There are two broad categories of mutual funds in Ireland. The
first category comprises undertakings for collective investment in
transferable securities ("UCITS"). These are funds
established under the regulations implementing the European
Union's ("EU") UCITS Directive and can take one of
three forms; unit trusts, investment companies with variable
capital and common contractual funds.
The second category of mutual funds in Ireland
("non-UCITS") can take one of four forms; unit trusts
established under the Unit Trusts Act, 1990, investment companies
with variable capital established under the Companies Act, 1990,
common contractual funds established under the Investment Funds,
Companies and Miscellaneous Provisions Act, 2005 and investment
limited partnerships established under the Investment Limited
Partnerships Act, 1994.
