Regulatory Requirements and Guidance

The Central Bank has issued guidance on a number of topics to assist users of the UCITS Regulations, listed below.

PUBICATION OF NATIONAL PROVISIONS GOVERNING MARKETING REQUIREMENTS FOR UCITS

PUBLICATION OF REGULATORY FEES AND CHARGES FOR UCITS

UCITS INWARD MARKETING REQUIREMENTS

UCITS KIID

UCITS PERMITTED MARKETS

UCITS PROSPECTUS DISCLOSURES

UCITS ACCEPTABLE INVESTMENTS IN OTHER INVESTMENT FUNDS

UCITS STRUCTURED PRODUCTS AND COMPLEX TRADING STRATEGIES- PROSPECTUS DISCLOSURE

UCITS ELIGIBLE ASSETS

UMBRELLA UCITS

DIRECTORS OF UCITS MANAGEMENT COMPANIES AND UCITS INVESTMENT COMPANIES – RESIGNATION

UCITS FINANCIAL INDICES

UCITS AND AIF MANAGEMENT, ADMINISTRATION/TRANSFER AGENT AND INVESTMENT MANAGEMENT AGREEMENTS

UCITS AND AIF THIRD PARTY APPROVAL AND FUND AUTHORISATION PROCESSES

UCITS AND AIF EUROPEAN CENTRAL BANK REPORTING REQUIREMENTS FOR MONEY MARKET FUNDS

UCITS AND AIF SHARE CLASSES

UCITS FINANCIAL DERIVATIVE INSTRUMENTS AND EFFICIENT PORTFOLIO MANAGEMENT

PERFORMANCE FEES OF UCITS AND CERTAIN TYPES OF RETAIL INVESTOR AIFS

UCITS DEPOSITARIES

UCITS ASSET VALUATION

DIRECTOR TIME COMMITMENTS INDUSTRY LETTER

UMBRELLA FUNDS - CASH ACCOUNTS HOLDING SUBSCRIPTION, REDEMPTION AND DIVIDEND MONIES

UCITS Q&A

The UCITS Q&A sets out answers to queries likely to arise in relation to UCITS. It is published in order to assist in limiting uncertainty. It is not relevant to assessing compliance with regulatory requirements. You should check the website from time to time in relation to any matter of importance to you to see if the position has altered.

On 10 September 2021, the Central Bank issued the 33rd edition of the Central Bank AIFMD Q&A, which includes a new Q&A, ID 1101.

The new Q&A, ID 1101, sets out the Central Bank’s expectations in relation to a UCITS management company operating or planning to operate in the manner of a third party management company. The Q&A confirms that where new business results in a material increase in the nature, scale or complexity of a firm’s business, the Central Bank deems this to be a material change to the firm’s operating model which requires consultation with the Central Bank in accordance with Regulation 107 of the Central Bank UCITS Regulations. In these circumstances, management companies are required to engage proactively with Central Bank supervisors and to ensure that they are appropriately resourced to service the additional business.

All previous versions of the Q&A are available here.