A. Yes. A UCITS ETF is defined in Regulation 2 of the Central Bank UCITS Regulations as a UCITS at least one unit or share class of which is traded throughout the day on at least one regulated market or multilateral trading facility with at least one market maker which takes action to ensure that the stock exchange value of its units does not significantly vary from its net asset value and where applicable its indicative net asset value. The Central Bank will not authorise an ETF, including an active ETF, unless arrangements are put in place to ensure that information is provided on a daily basis regarding the identities and quantities of portfolio holdings. The arrangements must be disclosed in the prospectus. Regulation 85(3) of the Central Bank UCITS Regulations requires the prospectus, key investor information document and

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