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26 November 2024

Regulatory Capital Requirements And Other Compliance Obligations

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Arthur Cox

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Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
An authorised UCITS ManCo is required to hold minimum regulatory capital of at least €125,000 plus 0.02% of its assets...
Ireland Finance and Banking

Regulatory Capital Requirements

An authorised UCITS ManCo is required to hold minimum regulatory capital of at least €125,000 plus 0.02% of its assets under management in excess of €250 million, subject to a cap of €10 million.

In practice, the Central Bank requires a UCITS ManCo to hold sufficient minimum capital upon authorisation to cover its projected regulatory capital requirements for its first year of operation.

Other Compliance Obligations

A UCITS ManCo must adopt certain policies and procedures, including policies relating to order handling and aggregation; best execution; remuneration; conflicts of interest; risk management; liquidity management; business continuity; accounting policies and procedures; compliance; personal transactions; valuation; anti-money laundering; cyber security; data protection and privacy; record keeping; and outsourcing.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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