IRELAND: Central Bank issues UCITS Notices

Tuesday October 22 2013

The Central Bank of Ireland has issued UCITS Notices of October 2013 to explain and clarify various aspects of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (“the Regulations”) and set down conditions not contained in the Regulations with which UCITS must conform.

UCITS must comply with all of the provisions of the Regulations not just those provisions referred to in the Notices. Where individual Regulations are quoted the Notices are intended to act as guidelines. In the event of any difference or discrepancy between the Notices and the Regulations the provisions of the Regulations will prevail.

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