OREANDA-NEWS. The Central Bank has today, 5 October 2015, 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.  UCITS is an EU-wide regime for the authorisation of retail investment funds and their managers.

Director of Policy and Risk Gerry Cross said: “The publication of the Central Bank UCITS Regulations marks a significant milestone for the Central Bank.  It is the first time that we have issued investment fund rules in the form of Central Bank regulations.  This will assist investment fund providers by bringing additional clarity and certainty to the rules applied by the Central Bank.  We will shortly commence a review of the Central Bank’s AIF Rulebook to see whether it should also be issued as Central Bank regulations.”