New updated and consolidated Central Bank UCITS Regulations

S.I. No. 230 of 2019,  Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2019​ (the Central Bank UCITS Regulations) are effective from 27 May 2019 with some transitional provisions.

This follows the Central Bank consultation CP119 and covers:

• general amendments arising from a review of the Central Bank UCITS Regulations
• amendments to UCITS Share Class Provisions to reflect the ESMA Opinion
• amendments related to UCITS performance fees
• amendments arising from the implementation of the EU Money Market Fund Regulation. 

A more detailed analysis of the new Central Bank UCITS Regulations will issue over the coming days.

For more information please contact a member of the Asset Management & Investment Funds team.

Date published: 5 June 2019