Regulatory Update: Central Bank UCITS Regulations Published6 October 2015
The Central Bank yesterday published the Central Bank UCITS Regulations. They will come into effect on 1 November 2015.
The Central Bank UCITS Regulations consolidate into one location all of the requirements which the Central Bank imposes on UCITS, UCITS management companies and depositaries of UCITS. They supplement existing legislative requirements, in particular the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011.
The Central Bank has restructured its UCITS guidance to reflect the publication of the Central Bank UCITS Regulations. The restructured UCITS guidance will come into effect on 1 November 2015. The current UCITS guidance will remain on the Central Bank website until that date and will be removed thereafter.
In addition, the Central Bank has also published a further edition of the UCITS Q&A updated to reflect the new Central Bank Regulations.