IRELAND: Central Bank of Ireland Publishes Fifth Edition of UCITS Q&A

Wednesday June 17 2015

The Central Bank published a fifth edition of the UCITS Q&A.  A new question ID 1013 on redomiciliations is included.

ID 1013: Can an investment fund which re-domiciles to Ireland as a UCITS be permitted to disclose its past performance in its KIID relating to the period when it was domiciled outside Ireland?

The Central Bank will permit this past performance to be disclosed where the UCITS management company confirms that:

(i) the UCITS investment policy, strategy and portfolio composition have not been substantially altered as a consequence of the transfer to the UCITS regime;

(ii) there is no change to the entities involved in the investment management of the UCITS;

(iii) it is satisfied that the past performance data is accurate; and

(iv) appropriate disclosure will be included with the past performance in the KIID stating that the data relates to a period when the investment fund was domiciled outside Ireland and was not authorised as a UCITS.

Click on the link above for further details.