UCITS

A UCITS (Undertaking for Collective Investment in Transferable Securities) is an EU-regulated investment fund framework designed principally for investment products suitable for retail investors. UCITS are subject to detailed requirements concerning eligible assets, investment diversification, liquidity, risk management and investor protection. A UCITS may invest primarily in transferable securities, money market instruments and certain other eligible liquid financial assets, and may use financial derivatives within the limits prescribed by the UCITS regulatory framework.

Ireland and US Asset Managers

Ireland is an established European domicile for UCITS and has a particularly strong position in the ETF market. Irish UCITS may be established using a number of legal structures, including the ICAV, and Ireland has an established infrastructure of fund managers, administrators, depositaries and other professional service providers. For US asset managers, an Irish UCITS can provide a regulated European fund platform with the potential for EU-wide distribution under the applicable passporting regime. The ICAV can also offer particular structural advantages, including, where appropriate, the ability to make a US federal tax classification election.

UCITS Services

UCITS structuring and establishment
Selection of appropriate Irish UCITS vehicle
ICAV structures
Umbrella funds and sub-funds
Preparation and review of fund documentation
Central Bank authorisation
Management company and self-managed structures
Investment management and delegation arrangements
Depositary and administration arrangements
Fund governance
Regulatory compliance
EU passporting and cross-border distribution
Share classes and amendments
Establishment of additional sub-funds
Fund mergers and restructurings
Ongoing legal and regulatory support