New Irish UCITS V Regulations
The European Communities (Undertaking for Collective Investment in Transferable Securities) (Amendment) Regulations 2016 (S.I. 143 0f 2016 ) (the “Regulations”) which transpose UCITS V into Irish law, were signed into law on 21 March 2016. The new Regulations amend the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011). The publication of the Regulations provides further clarity in relation to the UCITS V regime in Ireland.
Read the regulations in full.
Central Bank Publishes 12th Edition of UCITS Q&A
The Central Bank published a 12th edition of the UCITS Q&A on 24 March 2016. Question ID 1057 of the Q&A has been amended to make reference to the publication of Guidance entitled “Umbrella funds – cash accounts holding subscription, redemption and dividend monies” (the “Guidance”). New questions ID 1060 and ID 1061 have also been added to deal with this Guidance. A new question ID 1062 has been added dealing with the Securities Financing Transactions Regulation.
Read the 12th edition of the UCITS Q&A.
Central Bank Publishes 18th Edition of the AIFMD Q&A
The Central Bank published an 18th edition of the AIFMD Q&A. Question ID 1100 of the Q&A has been amended to make reference to the publication of Guidance entitled “Umbrella funds – cash accounts holding subscription, redemption and dividend monies” (the “Guidance”). New questions ID 1101 and ID 1102 have also been added to deal with this Guidance. In addition, a new question ID 1103 has been added dealing with the Securities Financing Transactions Regulation.
Read the 18th edition of the AIFMD Q&A.
Central Bank Publishes Updated Guidance on Investor Money Regulations
The Central Bank published updated Guidance on 15 March 2016 on Investor Money Regulations for Fund Service Providers to assist industry interpreting and complying with the Investor Money Regulations (the “Regulations”). The Regulations become effective on 1 July 2016.
Read the updated guidance in full.
