Brexit will have a range of implications for Irish regulated investment funds. We are fast approaching the end of the transition period with a no-deal Brexit looking increasingly possible for 1 January 2021.
Our Asset Management & Investment Funds team has prepared two reference notes:
- A guide for Irish authorised UCITS and QIAIFs with UK management companies and investment managers. This includes an up to date Central Bank of Ireland position on its expectations for UK investment managers of Irish authorised funds. We outline issues where an Irish UCITS or QIAIF has a UK AIFM, a UK investment manager, markets to UK investors and has investments exposed to the UK.
- A reminder of other frequently encountered Brexit issues. This includes UK resident directors and designated persons. We outline data transfer considerations, anti-money laundering points and the position for UK funds marketing into Ireland.