ARTICLE
30 November 2023

Central Bank Confirms PRIIPs KID Filing Requirements For UCITS And AIFs From 1 January 2024

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Arthur Cox

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Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
On 27 November 2023, the Central Bank of Ireland (the "Central Bank") published the 40th Edition of the UCITS Q&A. The 40th Edition revises Q&A ID 1109...
Ireland Finance and Banking
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On 27 November 2023, the Central Bank of Ireland (the "Central Bank") published the 40th Edition of the UCITS Q&A. The 40th Edition revises Q&A ID 1109 to clarify that from 1 January 2024, UCITS authorised prior to 1 January 2023 that are required to provide a PRIIPs KID should submit the PRIIPs KID to the Central Bank through the Central Bank Portal (the "Portal") under the section "Investment Funds – Ad Hoc returns" in accordance with the guidance on the Central Bank's website. Further guidance on PRIIPs filing requirements can be found here.

Where a UCITS produces both a UCITS KIID and PRIIPs KID, the latest versions of both should be filed with the Central Bank through the Portal.

Where a PRIIPs KID that has been previously submitted to the Central Bank is updated, the amended PRIIPs KID should be submitted to the Central Bank through the Portal.

The Central Bank also published the 49th Edition of the AIFMD Q&A. The 49th Edition revises existing Q&A ID 1126 to clarify that where an AIF is required to produce a PRIIPs KID, this should be filed through the Portal under the section "Investment Funds – Ad Hoc returns" from 1 January 2024 in accordance with the Central Bank's guidance on the filing of a PRIIPs KID.

The 49th Edition of the AIFMD Q&A also includes the publication of three new Q&As (IDs 1157, 1158 and 1159) which consider what is permissible when a RIAIF/QIAIF invests through a subsidiary.

This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

ARTICLE
30 November 2023

Central Bank Confirms PRIIPs KID Filing Requirements For UCITS And AIFs From 1 January 2024

Ireland Finance and Banking

Contributor

Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
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