The Irish Central Bank Consults on Legislation to Implement UCITS IV, a New Definition of Money Market Funds and Changes to Other Provisions Governing Irish Funds

February 25, 2011
The Central Bank has published revised drafts of UCITS Notices, Non-UCITS Notices and Guidance Notes reflecting changes to be implemented in accordance with the UCITS IV directive as well as general amendments, including in particular those relating to the definition of money market funds. Dechert partner Michelle Moran spoke at an Irish Funds Industry Association seminar held in London this week discussing these changes and they are examined in more detail in this update.