The EU and UK concluded a Trade and Cooperation Agreement effective from 1 January 2021. There is little in it for financial services and the implications for Irish regulated investment funds are, for the moment at least, effectively the same as if there had been no-deal.
Our Asset Management & Investment Funds team has prepared two reference notes:
A guide for Irish authorised UCITS and QIAIFs with UK management companies and investment managers. This includes an up to date Central Bank of Ireland position on its expectations for UK investment managers of Irish authorised funds. We outline issues where an Irish UCITS or QIAIF has a UK AIFM, a UK investment manager, markets to UK investors and has investments exposed to the UK.
A reminder of other frequently encountered Brexit issues. This includes UK resident directors and designated persons. We outline data transfer considerations, anti-money laundering points and the position for UK funds marketing into Ireland.