1. Irish Financial Services Law
  2. Legislation (IE)
  3. Statutory Instruments
  4. 2011
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  1. European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 [S.I. No. 352 of 2011]
  2. Part 10 Obligations concerning Information to be provided to Investors (regs. 88-102A)
  3. Chapter 1 Publication of prospectus and periodical reports (regs. 88-95)
  4. Regulation 90 Provisions supplementary to Regulation 89
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2011 - onwards
  Version 2 of 2    

Regulation 90 Provisions supplementary to Regulation 89

(1) The prospectus issued by a UCITS in accordance with Regulation 89 shall clearly disclose the categories of assets in which the UCITS is authorised to invest. Where a UCITS is authorised to engage in transactions in financial derivative instruments it shall include a prominent statement to this effect, indicating -

(a) whether these operations may be carried out for the purpose of hedging or with the aim of meeting investment goals, and

(b) the expected effect of these transactions on the risk profile of the UCITS.

(2) A UCITS which -

(a) invests principally in -

(i) deposits,

(ii) UCITS or other collective investment undertakings or both, or

(iii) financial derivative instruments,

or

(b) aims to replicate a stock or debt securities index in accordance with Regulation 71,

shall include a prominent statement drawing attention to its investment policy in its prospectus and, where necessary, any other marketing communications.

(3) When the net asset value of a UCITS is likely to have a

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