Management Company
A UCITS management company must be appointed in respect of all
Irish UCITS.
All management companies must at all times maintain a minimum
capital requirement of €125,000 or one quarter of its
preceding year's fixed overheads, whichever is the greater.
However, additional capital requirements apply to a UCITS
management company which manages assets in excess of €250
million where the management company must maintain additional
capital of 0.02% of the value of the assets under management in
excess of €250 million, subject to a maximum level of capital
of €10 million.
Administrator and Depositary
A UCITS management company must appoint an Irish administrator
which is primarily responsible for calculating the UCITS net asset
value and which also typically acts as the registrar and transfer
agent.
