Table of Contents
Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2015 [S.I. No. 420 of 2015]Introductory TextPart 1 Preliminary and general (regs. 1-2)Regulation 1 Citation and commencementRegulation 2 InterpretationPart 2 Restrictions on UCITS (regs. 3-43)Chapter 1 General (regs. 3-9A)Regulation 3 General restrictionsRegulation 4 Eligible assets: transferable securitiesRegulation 5 Closed-ended fundsRegulation 6 Money-market instrumentsRegulation 7 Deposits with credit institutionsRegulation 8 Financial derivative instrumentsRegulation 9 Financial IndexRegulation 9A Investment through subsidiariesChapter 2 Investment Restrictions (regs. 10-14)Regulation 10 Investment fundsRegulation 11 Ancillary liquidityRegulation 12 Recently issued transferable securitiesRegulation 13 Financial derivative instrumentsRegulation 14 Borrowings by a UCITSChapter 3 Financial Derivative Instruments (regs. 15-22)Regulation 15 Cover requirementsRegulation 16 Risk management process and reportingRegulation 17 Calculation of global exposureRegulation 18 Global exposure: commitment approach (structured UCITS)Regulation 19 Global exposure: Value at Risk approachRegulation 20 Back-testingRegulation 21 Stress-testingRegulation 22 Value at Risk approach: additional safeguardsChapter 4 Efficient Portfolio Management (regs. 23-25)Regulation 23 Portfolio management techniquesRegulation 24 CollateralRegulation 25 Repurchase and reverse repurchase agreementsChapter 5 Share Classes (reg. 26)Regulation 26 Creation of share classes in a UCITSChapter 6 Constitutional Documents (regs. 27-32)Regulation 27 FeesRegulation 28 InvestmentRegulation 29 Umbrella UCITSRegulation 30 Distributions out of, and charging of fees and expenses to, capitalRegulation 31 Dealing in specieRegulation 32 Replacement of depositaryChapter 7 Dealing (reg. 33)Regulation 33 Subscriptions and redemptionsChapter 8 Valuation (regs. 34-38)Regulation 34 Valuation policyRegulation 35 DealingRegulation 36 Methods of valuationRegulation 37 Responsibility for valuation policyRegulation 38 Anti-dilution levyChapter 9 Remuneration (reg. 39)Regulation 39 Restriction on payment of certain feesChapter 10 Transactions involving Connected Persons (regs. 40-41)Regulation 40 Interpretation: Chapter 10 of Part 2Regulation 41 Restrictions on transactions with connected personsChapter 11 Directed Brokerage Services (regs. 42-43)Regulation 42 Rebates of commissionRegulation 43 Costs, fees and expenses of directed brokerage servicesPart 3 Supervisory requirements (regs. 44-49)Regulation 44 General conditionsRegulation 45 Charges for redemption or repurchase of unitsRegulation 46 Replacement of depositaryRegulation 47 Replacement of management company or third partyRegulation 48 Monthly returnsRegulation 49 Quarterly returnsPart 4 Prospectus Requirements (regs. 50-71)Regulation 50 General requirementsRegulation 51 AdvertisingRegulation 52 Prospectus: generalRegulation 53 Prospectus: investment policyRegulation 54 Financial indexRegulation 55 Structured UCITSRegulation 56 Fund of fundsRegulation 57 Index-tracking fundsRegulation 58 Efficient portfolio managementRegulation 59 DealingRegulation 60 Redemption in specieRegulation 61 Remuneration and costs arisingRegulation 62 Umbrella UCITSRegulation 63 Authorisation statusRegulation 64 Risk disclosuresRegulation 65 UCITS that use financial derivative instrumentsRegulation 66 Cash and money-market fundsRegulation 67 Structured UCITSRegulation 68 Distributions out of capitalRegulation 69 Conflicts of interestRegulation 70 Directed brokerage services and similar arrangementsRegulation 71 Share classesPart 5 Key Investor Information Document (regs. 72-75)Regulation 72 GeneralRegulation 73 Investment objective and policyRegulation 74 Risk and reward profileRegulation 75 Filing requirementsPart 6 General Operational Requirements (regs. 76-77)Regulation 76 Regulated marketsRegulation 77 Directed brokerage services or similar arrangementsPart 7 Annual and Half-Yearly Reports of a UCITS (regs. 78-80)Regulation 78 Publication of annual and half-yearly reportsRegulation 79 Additional information to be included in the annual reportRegulation 80 Additional information to be included in the half-yearly reportPart 8 Requirements in Respect of Specific Types of fund (regs. 81-89)Regulation 81 Interpretation: Part 8Regulation 82 Exchange-traded fundsRegulation 83 Actively managed UCITS ETFsRegulation 84 Treatment of secondary market investors of a UCITS ETFRegulation 85 Money-market UCITSRegulation 86 Short-Term Money-Market FundsRegulation 87 Money-Market FundsRegulation 88 Short-Term Money-Market Funds: valuation on the basis of amortised costRegulation 89 European Central Bank reporting requirementsPart 9 Guaranteed UCITS (regs. 90-92)Regulation 90 GeneralRegulation 91 Legal agreementRegulation 92 DisclosurePart 10 Cross-Border Notification of UCITS (regs. 93-94)Regulation 93 Outward marketing: UCITS authorised under the UCITS RegulationsRegulation 94 Inward marketing: UCITS authorised in another Member StatePart 11 Management Companies (regs. 95-110)Chapter 1 General Requirements (regs. 95-105)Regulation 95 Operating conditionsRegulation 95A Remuneration policiesRegulation 96 CapitalRegulation 97 Organisational requirements: generalRegulation 98 Organisational requirements: delegationRegulation 99 Code of conduct in relation to collective portfolio managementRegulation 100 DirectorsRegulation 101 Record-keepingRegulation 102 Management resourcesRegulation 103 Relationship with the BankRegulation 104 Financial control, management and company secretarial informationRegulation 105 Internally-managed investment companiesChapter 2 Management Company Passport (regs. 106-110)Regulation 106 NotificationsRegulation 107 Assessment: general requirementsRegulation 108 Assessment: governance issuesRegulation 109 Assessment: administrator issuesRegulation 110 Assessment: depositary issuesPart 12 UCITS Depositaries (regs. 111-120)Regulation 111 Organisational requirementsRegulation 112 GovernanceRegulation 113 Operating conditionsRegulation 114 Depositary obligations and restrictionsRegulation 114ARegulation 115 Operating conditionsRegulation 116 Depositary agreementRegulation 117 Permitted marketsRegulation 118 Valuation of a UCITSRegulation 119 Dealing in specieRegulation 120 Relationship with the BankPart 13 Miscellaneous Provisions (regs. 121-124)Regulation 121 Reporting requirementsRegulation 122 Service of notice or other document by the BankRegulation 123 Records and ComplianceRegulation 124 Transitional requirementsSchedule 1 Regulatory CriteriaSchedule 2 Netting and HedgingSchedule 3 Conditions for Collateral Received by a UCITSSchedule 4 Calculation of Global Exposure using the Value at Risk (VaR) ApproachSchedule 5 Methods of ValuationSchedule 6 Advertising Standards for Certain UCITSSchedule 7 Additional Information to be Included in the Annual ReportSchedule 8 Additional Information to be Included in the Half-Yearly ReportSchedule 9 Minimum Capital Requirement ReportSchedule 10 Managerial functions of the Management companySchedule 11 Records of a Management companyGiven under
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Regulation 118 Valuation of a UCITS
Revoked from 27 May 2019
[deleted]