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.

Other changes

If there is uncertainty regarding whether a change constitutes a material change for supervisory purposes you should contact relevant IFFS supervisors directly.