Q. Does the Central Bank require promoters of existing UCITS to maintain a minimum capital of €635,000?
A. The promoter approval regime has been discontinued with effect from 1 October 2015. The Central Bank no longer requires promoters of UCITS authorised before that date to maintain minimum capital of €635,000. The Central Bank does not require notification where the capital of a promoter of an existing UCITS reduces below this level.