Establishing A UCITS Fund In Ireland - Service Providers To A UCITS

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.