Q. Regulation 43 of the Central Bank UCITS Regulations sets out obligations in relation to dealings between a UCITS and a connected person. "Connected person" is defined in Regulation 42 as:

"the management company or depositary to a UCITS; and the delegates or sub-delegates of such a management company or depositary (excluding any non-group company sub-custodians appointed by a depositary); and any associated or group company of such a management company, depositary, delegate or sub-delegate."

Are appointments of service providers (for example as UCITS management company, as depositary, as administrator or as a broker) and subscriptions/redemptions by connected persons within the scope of Regulation 43?