The new Central Bank UCITS Regulations replace the existing UCITS Notices and Guidance Notes and consolidate into one document all of the conditions which the Central Bank imposes on UCITS, their management companies and depositaries that are over and above what are contained in the UCITS Regulations. The Central Bank has also issued accompanying guidance and updated the UCITS Q&A.
Although, for the most part, the rules in the Central Bank UCITS Regulations are the same as the conditions set out in the UCITS Notices, a small number of policy changes are included. We are currently analysing the provisions of the Central Bank Regulations to assess their impact and will revert to you with any matters that are of significance to your product range.
The new Central Bank UCITS Regulations will commence on 1 November 2015.
Click here for the Central Bank UCITS Regulations, here for the guidance and here for the UCITS Q&A.
By William Fry.
