Central Bank of Ireland (CBI) deadlines for pre-Christmas/year-end applications
CBI issued details of its deadlines for receipt of applications (reproduced below) that have pre-Christmas or pre year-end approval deadlines for:
- QIAIF / professional ELTIF authorisations, approvals and notings
- ICAV registrations
- revocation applications
- UCITS, RIAIF and retail ELTIF authorisations, approvals and notings
- Fund service provider authorisations
QIAIF/ professional ELTIF filings - normal timeframes apply until 20 December
| For QIAIFS / professional ELTIFs seeking authorisation/ approval/noting on: | Deadline for receipt |
|---|---|
| 23 and 24 December | 3pm on 20 December |
| 27 December | 3pm on 23 December |
| 30 and 31 December | 3pm on 27 December |
| 2 January | 5pm on 30 December |
QIAIF change of service provider filings
| Effective date | Deadline for receipt |
|---|---|
| 27 December 2024 – 1 January 2025 | 5pm on 13 December |
ICAV registration/conversion/migration applications
| Effective date | Deadline for receipt |
|---|---|
| 23 December 2024 – 31 December 2024 | 5pm on 6 December |
UCITS, RIAIF and retail ELTIF authorisations/approvals/noting
Executed documentation for authorisations/approvals/notings required on 23, 24, 27, 30 and/or 31 December must be received by close of business on Thursday 19 December.
In order to prioritise applications that are considered likely to be authorised / approved prior to year-end, no applications detailed in (a) and (b) below, should be submitted to the Central Bank after close of business on Friday, 13 December. This includes:
a. No new Draft 1 applications, and
b. No applications that are not reasonably expected to be in a position to submit for authorisation/approval by Thursday 19 December.
From Thursday, 2 January 2025, applications may be submitted to the Central Bank.
Where applications (initial and later drafts) are received after close of business on Friday 13 December, these applications will take a received date of 2 January 2025.
Thursday, 2 January 2025 is the first day of 2025 that funds may be authorised/approved and/ or post-authorisation updates noted. Executed documentation for funds seeking authorisation/ approval or noting on that date must be received by close of business on Monday 30 December.
Revocations
Funds seeking to revoke at end of December 2024 must submit a complete revocation application, including payment of the funding levy, by 5pm on 13 December.
Fund service provider authorisations
Firms intending to submit an Acquiring Transaction notification between 20 December 2024 and 3 January 2025 should engage with the Fund Service Provider Authorisation Team in advance of Friday, 20 December 2024.
For more information please contact a member of the Asset Management & Investment Funds team.
Date published: 13 November 2024