Updated UCITS Notices, Guidance Notes And Application Forms

Author:Mr Fionán Breathnach and Mark Browne
Profession:Mason Hayes & Curran
 
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On 15 February 2013, the Central Bank of Ireland (the “Central Bank”) published updated versions of its UCITS (undertakings for collective investment in transferable securities) Notices and Guidance Notes. The updated documents were produced to reflect the European Securities Markets Authority's (ESMA) Guidelines on ETFs (exchange traded funds) and other UCITS issues (the “ESMA Guidelines”) as issued on 18 December 2012 and effective from 18 February 2013. The Central Bank's Application Forms will also be amended to reflect the ESMA Guidelines. Further amendments were made to the UCITS Notices on 28 March 2013 as follows:

UCITS Notice 10, paragraph 22: a reference toleveraged has been included so it is clear that the paragraph applies to leveraged index...

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