Irish Regulatory Update

Author: Clerkin Lynch

Date Published 18/11/2021

Central Bank publishes website guidance related to Articles 1 and 2 of the Commission Implementing Regulation (EU) 2021/955

As noted in the earlier update regarding the CBDF, “New EU cross-border fund distribution rules become effective” various changes have now become applicable to the EU’s fund distribution regime. As part of this the Central Bank published website guidance related as required under Articles 1 and 2 of the Commission Implementing Regulation (EU) 2021/955 on 29 July 2021,

These relate to:
– information on the national laws, regulations and administrative provisions governing marketing requirements referred to in Article 5(1) of Regulation (EU) 2019/1156 of the European Parliament and of the Council of 20 June 2019 on facilitating cross-border distribution of collective investment undertakings for UCITS and for AIFS); and
– information on the fees and charges levied by the Central Bank of Ireland for carrying out its duties in relation to the cross-border activities of UCITS management companies, AIFMs, EuSEF managers and EuVECA managers.

Action: No Action required.