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ARTICLE · 24 JULY 2023

UCITS Eligible Assets Rules Up For Review

William Fry LLP
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The Commission is planning a wide-ranging review of UCITS rules governing eligible investments as set out under the UCITS Eligible Assets Directive (the EAD).

IrelandWealth Management
Patricia Taylor
Patricia Taylor
Nessa Joyce
Nessa Joyce
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The Commission is planning a wide-ranging review of UCITS rules governing eligible investments as set out under the UCITS Eligible Assets Directive (the EAD).

To support its review, the Commission has tasked ESMA with the provision of technical advice, including recommendations for legislative amendments, by 31 October 2024. It is likely that ESMA will engage with industry prior to issuing that advice to the Commission, whether to garner industry feedback on proposed amendments and/or gather data to inform the review. A call for evidence and/or consultation may be expected later this year or early next year from ESMA.

Once ESMA's advice has issued, the Commission intends carrying out a 'comprehensive public consultation', most likely in Q4 2024/early 2025, ahead of finalising any EAD amendments.

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