Legal Updates

 Asset Management and Investment FundsDecember 02, 2022

Central Bank of Ireland Year-End Deadlines

Share this

Download PDF

For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.

The Central Bank of Ireland (the Central Bank) has confirmed the timeframes for receipt of applications that are seeking a year-end effective date.

Historically, the Central Bank have published the timeframes for year-end submissions during the third quarter of the year. However, since 2021, the Central Bank has said that it would not be continuing this practice, with applications being assessed in accordance with the authorisation timeframes that apply throughout the year.

The Central Bank has provided timeframes for the following applications:

QIAIFs seeking authorisation/approval of sub-funds/noting of documents:

For authorisation/approval/noting on:Deadline for submission
or before Wednesday 21 December 2022normal timeframes apply
Thursday 22 December and 23 Friday December 20223pm on Wednesday 21 December 2022
Wednesday 28 December 20223pm on Thursday 22 December 2022
Thursday 29 December 20223pm on Wednesday 28 December 2022
Friday 30 December 20223pm on Thursday 29 December 2022
Tuesday 3 January 20235pm on Friday 30 December 2022

QIAIFs seeking a change of service provider:

Effective dateDeadline for submission
Wednesday 28 December 2022 – Saturday 31 December 20225pm on Friday 16 December 2022

ICAV registrations/conversions/migrations:

Effective dateDeadline for submission
Friday 23 December 2022 – Saturday 31 December 20225pm on Friday 9 December 2022

UCITS and RIAIF authorisations/approvals:

UCITS and RIAIF Authorisations/Approvals
Executed documentation for authorisations/approvals required on 23, 28, 29 and/or 30 December 2022 must be received by 12pm on Thursday 22 December 2022. Tuesday 3 January 2023 is the first day of 2023 on which funds may be authorised/approved and/or post-authorisation updates noted. Executed documentation for funds seeking authorisation/approval on that date must be received by 5pm on Friday 30 December 2022.

Fund revocations:

Funds seeking to revoke at end of December 2022 must submit a complete revocation application, including payment of the funding levy, by 5pm on Friday 16 December 2022.

Please get in touch with your usual Dillon Eustace contact if you have any queries regarding these deadlines.

DISCLAIMER: This document is for information purposes only and does not purport to represent legal advice. If you have any queries or would like further information relating to any of the above matters, please refer to the contacts above or your usual contact in Dillon Eustace.

Copyright Notice: © 2022 Dillon Eustace LLP. All rights reserved.