Regulatory Requirements and Guidance

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

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

UCITS PERFORMANCE FEES

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 the 13 July 2020, the Central Bank issued the 29th edition of the Central Bank UCITS Q&A, which includes new Q&A IDs 1095, 1096 and 1097 in relation to liquidity stress testing in UCITS.

The Q&As clarify the Central Bank’s expectations in relation to liquidity stress testing (LST) in UCITS, particularly in relation to the application of the ESMA ‘Guidelines on liquidity stress testing in UCITS and AIFs’. The Q&As set out that the LST policy may be documented within the UCITS Risk Management Policy, that LST should generally be carried out at least quarterly and that LST should be employed at all stages in a UCITS lifecycle, including at the design phase.

UCITS Q&A Twenty-Ninth Edition

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