Central Bank Streamlines Procedures for Irish Retail Funds

By way of correspondence dated 9 October 2018 to Irish Funds, the trade body representing funds established in Ireland, the Central Bank of Ireland (the “Central Bank”) notified industry of a series of amendments to its procedures for Irish UCITS and Retail Investor Alternative Investment Funds (“RIAIFs”).

The welcome procedural amendments, introduced with immediate effect, focus on expediting the processing of certain authorisation and post-authorisation amendments for UCITS and RIAIFs through the introduction of a same-day approval process for those applications. Download the full advisory to see the same day approval process.

 

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