Q. I am a UCITS with one or more share classes, approved by the Central Bank on or prior to 30 January 2017. The UCITS employs derivatives in order to engage in currency hedging at the level of the share class. Am I required to make any amendments to these share classes?
A. You must determine if you meet with the provisions of the ESMA Opinion on Share Classes as reflected in the Central Bank's guidance "UCITS and AIF Share Class Hedging". If not and if you intend to continue to offer these share classes to investors you should make any necessary amendments at the earliest opportunity. Any amendments to your documentation arising out of such process should be made at the time of the next update of your prospectus and/or supplement(s), if applicable in the case of sub-fund(s).