Post Authorisation for UCITS Management Companies
There are additional ongoing requirements in relation to UCITS Management Companies once they are authorised.
The following list is not exhaustive and is intended to serve as a guide. If any UCITS Management Company is unclear of its obligations it should contact Investment Firms & Fund Services (‘IFFS’). Self-Managed Investment Company (SMIC) should contact the Securities Markets Supervision Division (‘SMSD’).
Change of Director/Manager
Any change of director/manager should be notified to the Central Bank. This includes both proposed appointments and resignations. All proposed appointees are subject to the ‘Fitness & Probity’ regime
Change in Qualifying Holding
Changes to qualifying holdings in UCITS Management Companies are subject to the approval of the Central Bank; details of the exact requirements are set out in the UCITS Regulations. Firms are obliged to advise the Central Bank on an annual basis of their ownership structure.
Change of Company name
The Central Bank must first approve any change in company name before it is submitted to the Companies Registration Office (CRO).
Application for extension of authorisation
Applications to extend authorisation requires the prior approval of the Central Bank. Please see the Authorisation section for further information.
Capital Contributions and Subordinated Loans
Capital contributions are accepted as part of the financial resources requirement provided they are executed in the Central Bank's approved format.
Application Form for Capital Contributions | doc 44 KB
Subordinated Loan | doc 53 KB
Change of Address
Any change of address by a UCITS Management Company must be notified in advance to IFFS Any change of address by a SMIC must be notified in advance to SMSD. This will allow supervisors to update Central Bank records and systems on a timely basis.
If there is uncertainty regarding whether a change constitutes a material change for supervisory purposes you should contact relevant IFFS supervisors directly.