IRELAND: Central Bank Publishes Amendments to UCITS Notices and NU Series of Notices

Thursday May 2 2013

On 1 May 2013, the Central Bank of Ireland notified of an amendment to Notice UCITS 14 of the UCITS Notices (“Notice UCITS 14”) and Notice NU 2 of the NU Series of Notices (“Notice NU 2”).

Paragraph 4 of Notice UCITS 14 and paragraph 4 of Notice NU 2, “Dealings by promoter, manager, trustee, investment adviser and group companies”, currently provide that transactions with connected parties are listed in the annual and half-yearly reports. These provisions have been deleted and replaced with the requirement that the board of directors of the management company or self-managed investment company confirm compliance with regulatory requirements.

These amendments apply to reporting periods beginning after 30 April 2013.

The amended UCITS Notices and NU Series of Notices are available from the Central Bank’s website.

Please see the above link for more details.