ARTICLE · 29 NOVEMBER 2011

Available Legal Structures

Dillon Eustace

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Dillon Eustace

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UCITS can be established in Ireland as variable capital investment companies, unit trusts, or as common contractual funds (*fixed capital investment companies are also available but not in practice used).

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UCITS can be established in Ireland as variable capital investment companies, unit trusts, or as common contractual funds (*fixed capital investment companies are also available but not in practice used).

All three legal structures are subject to the standard UCITS investment and borrowing restrictions, the same authorization process and operating conditions and each must have as its sole object the collective investment in eligible assets of capital raised from the public and provide for at least fortnightly redemption facilities.

Under current legislation, each of the structures must have an Irish based Trustee/Custodian (responsible for safekeeping of assets and performance of certain fiduciary type duties).

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