Expertise

UCITS

Ireland is a leading jurisdiction for the establishment of Undertakings for Collective Investment in Transferable Securities (“UCITS”).  The principal advantage for establishing a UCITS in Ireland is that, following the completion of a relatively straightforward registration process, the UCITS can be sold to retail investors in other Member States of the EU, without requiring further authorisation in each target Member State.

Our lawyers establish UCITS in Ireland that are designed for international distribution, which may be structured as: an Irish collective asset-management vehicle (ICAV); an investment company with variable capital; a unit trust; or a common contractual fund (CCF).

The UCITS brand is globally recognised, which is critical for managers seeking global distribution opportunities outside of the EU. Following compliance with local regulatory requirements, regulators in the Far East, the Middle East and Latin America are comfortable to allow UCITS to be sold in their jurisdictions.

Our team assists managers in registering UCITS in foreign jurisdictions and in maintaining compliance with local regulatory requirements.

Our Services

  • Advising managers on UCITS product structuring issues; and
  • Establishing UCITS for international distribution;
  • Assisting managers in registering UCITS in foreign jurisdictions and in maintaining compliance with local regulatory requirements.

Recommendations

Chambers Europe, 2016

"top-quality level of service." 

Chambers Europe, 2015

"The team has a commercial mindset, and an understanding of the business side as well as the legal side of cases."

Recent Work

  • Advising on the establishment of the first actively managed China A shares fund, an Irish UCITS, to provide daily liquidity under the RQFII program.
  • Representing Thornburg Investment Management in respect of its Irish UCITS platform.
  • Establishing various funds on the Heptagon Funds UCITS platform, including a European energy focused fund and a developing markets socially responsible investments fund.
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Conor Durkin

Partner