Q. Where a responsible person receives a subscription or redemption application after the dealing deadline for a dealing day, will it be in breach of Regulation 33(1)(a) of the Central Bank UCITS Regulations?
A. No provided that an application received after the dealing deadline on a dealing day is held over and dealt with on the next dealing day (unless the provisions of Regulation 33(1)(b) of the Central Bank UCITS Regulations apply).