Financial Services Regulation and Compliance - Funds June 2021

DOMESTIC

31 August 2021 deadline for ILPs and CCFs to file on the CBI's central register of beneficial ownership

By 31 August 2021, Investment Limited Partnerships (ILPs) and Common Contractual Funds (CCFs), which were in existence on 1 March 2021, must file information on their beneficial ownership on the CBI's central register of beneficial ownership.

CBI AIFMD Q&A

The CBI published the 39^th edition of its AIFMD Q&A. It updates Q&As on the extent to which an Irish entity can perform duties for non-EU AIFs under Article 36(1)(a) AIFMD and the types of AIF for which a Depositary of Assets other than Financial Instruments (DAoFI) can act. It includes new Q&As on the circumstances in which a DAoFI can accept an appointment from a non-EU AIFs and requirements for AIFs having a share class that makes distributions to charity.

CBI UCITS Q&A

The CBI published the 31^st edition of its UCITS Q&A including a new Q&A, 1099, which confirms the CBI's position in relation to a UCITS having a share class that makes distributions to charity. The Q&A confirms that this is permissible, subject to a number of requirements being met by the UCITS.

For more information on these topics please contact any member of A&L Goodbody's Asset Management & Investment Funds team.

Date published: 9 July 2021