Investment Fund Market Guide – Ireland

31.03.2020

Key features (Register market)


Yes/No

Remarks

Settlement free of payment

Yes


Settlement against payment

Yes

Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.

Disclosure Requirements

Yes

Refer to Disclosure Requirements – Investment Funds – Ireland.

Restrictions on customer

Yes

Refer to Holding Restrictions – Investment Funds – Ireland.

Restrictions on settlement

No




Remarks

Market type/link type (Settlement link)

Register market and CSD link.

Eligible fund types in CBL

Register market: UCITS and Alternative Investment Funds.

CSD linka: CREST eligible funds – Closed-ended funds and ETFs.

 a. Please refer to the Market Link Guide - Ireland for more details about funds on the CSD link.

Eligible fund types in CBL

Register market

Investment funds in Ireland can be broadly classified as either undertakings for collective investment in transferable securities (UCITS) or alternative investment funds (AIF) pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 and the European Union (Alternative Investment Fund Managers) Regulations 2013 respectively.

Under Irish law, UCITS and AIFs can be established in the following legal forms:

  • Investment companies;
  • Irish Collective Asset Management Vehicles (“ICAV”);
  • Unit trusts;
  • Common contractual funds;
  • Investment Limited Partnerships (can be formed as Alternative Investment Funds only);
  • Limited Partnerships.

CSD link

(Please refer to the Market Link Guide – Ireland for more information.)

CREST eligible funds – Settlement of eligible funds will be automated through CREST

Exchange Traded Funds (ETFs) – Listed ETFs have the same settlement process as listed equities.