Ireland UCITS Fund

1. Applicable legislation

UCITS Directive 2014/91

2. Supervising Authority

Central Bank of Ireland.

3. Corporate vehicle permitted

EU recognised;

Unit Trust

ICAV

Common Contractual Fund (CCF)

Variable or Fixed Capital Companies

4. Share capital or equivalent

• • Minimum subscription

EUR 125,000 plus, if applicable, an additional amount of 0.02% of the amount by which net assets exceed EUR 250 million.

• • Minimum investors

5. Directors / Partners / Trustees

• • Minimum number

2

• • Corporate Directors / Partners / Trustees allowed

Yes

• • Local Directors / Partners / Trustees required

Yes

6. Fund functionaries required

1. • Custodian

• • • Custodian required

• • • Local custodian required

No

• • • Eligible custodian

A licensed institution or another institution acceptable to the Central Bank of Ireland.

1. • Fund manager / Investment manager

• • • Fund manager required

• • • Local fund manager required

No

• • • Fund manager requires to be licensed

Yes

• • • Eligible fund manager

A UCITS investment company may opt to be “self-managed” or alternatively can appoint an external management company .

1. • Fund administrator

• • • Fund administrator required

• • • Local fund administrator required

Yes

• • • Eligible fund administrator

Ireland licensed company offering fund administrator services as approved by the Central Bank of Ireland.

1. • External auditor

• • • External auditor required

• • • Local external auditor required

No

• • • Eligible external auditor

Qualified local auditor approved by the Central Bank of Ireland.

7. Asset Requirements

• • Restriction on type of asset class invested

None

• • Asset diversification requirements

None

• • Limitation on size of the fund or total assets under management

None

8. Local physical office required

No

9. Prospectus / Offering Memorandum required to be filed

Yes

10. Eligible for listing

Yes

11. Estimated license processing duration

3 months