The Central Bank issued an updated UCITS Q&A (5th edition) with a new Q&A 1013 clarifying that an investment fund which re-domiciles to Ireland as a UCITS may disclose its past performance in its KIID for to the period when it was domiciled outside Ireland where the UCITS management company confirms that:
- the UCITS investment policy, strategy and portfolio composition have not been substantially altered as a consequence of the transfer to the UCITS regime;
- there is no change to the entities involved in the investment management of the UCITS;
- it is satisfied that the past performance data is accurate; and
- appropriate disclosure will be included with the past performance in the KIID stating that the data relates to a period when the investment fund was domiciled outside Ireland and was not authorised as a UCITS.