Following the transposition of the European Communities (Undertaking for Collective Investment in Transferable Securities) (Amendment) Regulations 2016 (S.I. 143 0f 2016 ) “UCITS V” into Irish law on 21 March 2016, the Irish Funds UCITS V Working Group is in the process of assessing the impact of the ESMA guidelines on sound remuneration policies under the UCITS V regime particularly in the context of the look-through requirement for non-EU investment managers. Further clarity in relation to the UCITS V remuneration regime in Ireland is expected from the Central Bank.

Read the UCITS V Regulations in full.