Regulatory Information: Central Bank changes to the post-authorisation submission process for UCITS28 November 2019
We have received a mail from the Central Bank of Ireland with respect to changes to the post-authorisation submission process for UCITS and RIAIFs. Please find below for your information the text of the mail received from the Central Bank.
As part of ongoing assessment of Central Bank of Ireland (“Central Bank”) processes within the Funds Authorisation team, a review has been undertaken in respect of the post-authorisation submission process for UCITS and RIAIFs.
As you are aware, the process currently involves submitting post-authorisation applications in hard copy to the Central Bank. It has been decided that the post-authorisation submissions process will move from hard copy to soft copy. Accordingly, from 9 December 2019 all post-authorisation submissions should be sent by email to firstname.lastname@example.org in accordance with the guidelines set out below.
In order for the new process to operate effectively, the Central Bank requires that all email submissions adhere to the following guidelines:
Submissions should be made to the above email address with documents attached. The maximum size of email permissible is 25MB. For submissions with multiple documents please attach in a zip file format.
- All fund documents and application forms should be submitted in searchable format (i.e. PDF/Word). Executed letters/agreements should be sent in scanned format.
- Submissions should include all relevant documents required for review. Any subsequent updates to the submission will result in a delay in issuing comments.
- Emails should not include submissions for more than one umbrella/standalone fund. An email containing submissions in respect of multiple umbrellas will not be accepted.
- The subject line of the email should set out the nature of the submission, for example “ABC Fund plc – Prospectus and New Sub-Fund” or “XYZ ICAV – Change of Service Provider”.
The Central Bank is retaining the current submission deadlines for the moment. The Funds Post-Authorisation section of the Central Bank website will be updated shortly to reflect this. I would appreciate if you would bring this mail to the attention of your members.
Rosemary Hanna, Central Bank of Ireland