Review of UCITS Self-Managed Investment Company Business Plans, May 2012

15-05-2012

The purpose of this briefing note is to provide information on the review by the Central Bank of the business plans for UCITS selfmanaged investment companies (“SMICs”). The Central Bank reviewed the business plans of all UCITS management companies for UCITS IV compliance on or before 1 July 2011. However, for all UCITS SMICs authorised prior to 1 July 2011, the Central Bank proceeded on the basis that each of these self-certified that they met the UCITS IV requirements before 1 July 2011 and it was known that the Central Bank would begin to carry out reviews of these business plans in 2012.

Download PDF