(1) Where, at the commencement of these Regulations, the responsible person is not in compliance with the requirement in Regulation 56(2) in relation to a prospectus approved by the Bank before the commencement of these Regulations, that person shall ensure that any subsequent amendments to the prospectus ensure compliance with Regulation 56(2).
(2) A responsible person shall ensure that a UCITS, which is authorised by the Bank prior to the commencement of this Regulation, complies with Regulation 40(4) 18 months from the date these regulations enter into force, or such later date that the Bank may specify in writing in Iris Oifigiúil.