Changes to Fund Documentation Post-Authorisation
The process for making post authorisation changes to fund documentation will vary depending on the type of investment funds in question. The webpage below sets out details the various Post Authorisation processes for different Alternative Investment Fund (AIF) types, including:
- Qualified Investor AIFs;
- Retail Investor AIFs;
- Retail Investor European Long Term Investment Funds (ELTIFs);
- Qualified Investor European Long Term Investment Funds (ELTIFs); and
- Professional Investor European Long Term Investment Funds (ELTIFs).
Post-Authorisation Processes for Qualified Investor AIFs
Changes to QIAIF documentation Post Authorisation
Amendments to QIAIF documents previously filed with the Central Bank and not subject to review should generally be submitted accompanied with the relevant section(s) of the Application Form(s) via the Portal. See below list of processes for more detail:
Amalgamation of QIAIFs with other Investment Funds
Proposals to amalgamate QIAIFs with other Investment Funds should be submitted via the Portal in accordance with Central Bank guidance.
MLRO Updates
MLRO Updates should be submitted via the Portal using the “MLRO Updates” Request Change. Please see Request Changes Help Page on the Portal section of the website.
QIAIF COSPs
QIAIF COSPs should be submitted via the Portal by 12pm 2 business days prior to the approval date using the “QIAIF COSP” Request Change. Please see Request Changes Help Page on the Portal section of our website.
New QIAIF sub-fund(s) with Post-Authorisation amendments not relating to the creation of the new sub-fund(s)
New QIAIF sub-fund(s) with Post-Authorisation amendments not relating to the creation of the new sub-fund(s) should be submitted via the Portal by 5.00pm on the day prior to the authorisation/approval date using the “QIAIF/QIF: Prospectus/Supplement/document update - Includes new sub-funds” Request Change.
Please see Request Changes Help Page on the Portal section of our website.
Post-Authorisation Updates to QIAIF Prospectus and/or other documents
Post-Authorisation Updates to QIAIF Prospectus/Supplements and other documents should be submitted via the Portal by 3pm on the day prior to noting date using the “QIAIF/QIF: Prospectus/Supplement update - No new sub-funds” Request Change.
Post-Authorisation Updates to QIAIF Depositary Agreements/Constitutional Documents should be submitted via the Portal by 3pm on the day prior to noting date using the “QIAIF/QIF: Prospectus/Supplement update - No new sub-funds” Request Change.
Post-Authorisation update for a QIAIF which only includes Country Supplement(s) can be submitted by 12pm on the date of noting using the “UCITS/AIF Country Supplement” Request Change.
Post-Authorisation update for a QIAIF which only includes Distribution/Paying Agent/Representative/Trading Agent Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Distribution/Paying Agent/Representative/Trading Agent Agreement” Request Change.
Post-Authorisation update for a QIAIF which only includes Investment Management / Investment Adviser / Administration Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Investment Manager/Investment Advisor/Administration Agreements” Request Change.
Please see Request Changes Help Page on the Portal section of our website.
Post-Authorisation Processes for Retail Investor AIFs
Changes to RIAIF documentation Post-Authorisation
Amendments to RIAIF documents subject to review should generally be submitted accompanied with the relevant section(s) of the Application Form(s) via the Portal.
Amendments to RIAIF documents previously filed with the Central Bank and not subject to review should generally be submitted accompanied with the relevant section(s) of the Application Form(s) via the Portal.
See below list of processes for more detail:
RIAIF COSPs
RIAIF COSPs should be submitted with COSP 1 form and all supporting documentation via the Portal by using the “UCITS/RIAIF COSP” Request Change.
Please see Request Changes Help Page on the Portal section of our website.
RIAIF Prospectus updates:
Post-Authorisation updates to RIAIF Prospectus/Supplements and other documents that include new sub-funds should be submitted via the Portal by 5pm on the day prior to authorisation using the “UCITS/RIAIF: Prospectus/Supplement review - Includes new sub-fund” Request Change.
Post-Authorisation updates to RIAIF Prospectus/Supplements and other documents that DO NOT include new sub-funds should be submitted via the Portal using the “UCITS/RIAIF: Prospectus/Supplement review – No new sub-fund” Request Change.
Post-Authorisation updates to RIAIF Prospectus/Supplements that only include New Share Classes should be submitted by 12pm on the day prior to noting via the Portal using the “UCITS/Retail AIF: Share Class Update” Request Change.
This application must be accompanied by a completed Section 2.21 of the Retail Investor AIF Application Form and a marked-up prospectus or supplement highlighting the changes, along with a confirmation from the Responsible Person that the new share classes: (i) accurately reflect the requirements of Section 2.21 of the Central Bank’s Retail Investor AIF Application Form; and (ii) comply with the relevant Central Bank guidance and legislation.
Post-Authorisation updates to RIAIF Depositary Agreement / Trust Deed / Deed of Constitution only should be submitted by 12pm on the day prior to noting via the Portal using the “UCITS/Retail AIF: Depositary Agreement / Trust Deed / Deed of Constitution Update” Request Change.
Post-Authorisation update for a RIAIF which only includes Country Supplement(s) can be submitted by 12pm on the date of noting using the “UCITS/AIF Country Supplement” Request Change.
Post-Authorisation update for a RIAIF which only includes Distribution/Paying Agent/Representative/Trading Agent Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Distribution/Paying Agent/Representative/Trading Agent Agreement” Request Change.
Post-Authorisation update for a RIAIF which only includes Investment Management / Investment Adviser / Administration Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Investment Manager/Investment Advisor/Administration Agreements” Request Change.
Amalgamation of RIAIFs with other Investment Funds
Proposals to amalgamate RIAIFs with other Investment Funds should be submitted via the Portal in accordance with Central Bank guidance.
See below for useful forms:
QIAIF
RIAIF
Revocation of QIAIF/RIAIF/Sub-funds
All applications should be submitted to the mailbox [email protected]. For umbrella/standalone funds all outstanding funding levies up to date of revocation must be paid in full.
Post-Authorisation Processes for Retail ELTIFs
Amendments to Retail ELTIFs documentation should be submitted via the Portal – refer to the Portal website for the list of Request Changes and see below list of processes for more details.
General Retail ELTIF Prospectus Updates
Updates to Prospectus/Supplements for review should be submitted via the Portal using one of the below two Request Change processes as appropriate:
- UCITS/RIAIF: Prospectus/Supplement review - Includes new sub-funds
- UCITS/RIAIF: Prospectus/Supplement review - No new sub-funds
New Share Classes
Where post-authorisation updates are made to the prospectus or supplement to provide for the establishment of a new Retail ELTIF share class only, this application must be accompanied by a confirmation from the responsible person that the establishment of the share class(es) accurately reflects the requirements of any related legislation and Central Bank guidance and a marked-up prospectus or supplement highlighting the changes.
Where it is intended to restrict a share class, this should also be accompanied by a confirmation from the Responsible Person that the proposal to restrict [name(s) of class(es)] to the entities outlined is sufficient to allow that the class(es) provide(s) for public participation.
These documents should be submitted via the Portal no later than 12 noon on the day prior to noting using the “UCITS/Retail AIF: Share Class Update” Request Change.
COSP - Change of depositary, fund administrator or management company
Initial Notification
Where a Retail ELTIF proposes to change its depositary, fund administrator or management company it is required to complete the COSP1 form. This form and all supporting documentation should be submitted via the Portal using the “UCITS/RIAIF COSP” Request Change for the Central Bank to review.
Date of Appointment
On the proposed date of appointment of the depositary, fund administrator or management company, the Retail ELTIF is required to complete the COSP2 form. This form and all supporting documentation should be submitted to the Central Bank by 12 noon on the date of appointment of the new service provider via the Portal using the “UCITS/RIAIF COSP” Request Change.
Change of Investment Manager/Investment Advisor
Where a Retail ELTIF proposes to change or appoint an additional investment manager/investment advisor it must complete this form. This form and all supporting documentation should be submitted on the date of the proposed change via Portal using the “UCITS/AIF: Investment Manager/Investment Advisor/Administration Agreements” Request Change.
NOTE: This form should only be submitted where the Investment Manager has been cleared to act for Irish authorised funds by the Central Bank. View more information in relation to the clearance process.
Other Post-Authorisation Processes
Administration Agreements - Updates to Administration Agreements should be submitted via Portal using the “UCITS/AIF: Investment Manager/Investment Advisor/Administration Agreements” Request Change.
IOP Updates - should be submitted via Portal using the “IOP Update” Request Change.
MLRO Updates –should be submitted via Portal using the “MLRO Update” Request Change.
Country Supplements - should be submitted via Portal using the “UCITS/AIF Country Supplement” Request Change.
Extracts and/or Consolidated Prospectuses - should be submitted via Portal using the “UCITS/AIF: Extract and/or Consolidated Prospectus” Request Change.
Distribution/Paying Agent/Representative/Trading Agent Agreement - should be made via Portal using the “UCITS/AIF: Distribution/Paying Agent/Representative/Trading Agent Agreement ” Request Change.
Attestation Requests - should be submitted via Portal using the “Attestation Request” Request Change.
Amalgamation of Retail ELTIFs with other Investment Funds
Proposals to amalgamate Retails ELTIFs with other Investment Funds should be submitted via the Portal in accordance with Central Bank guidance.
Revocation of Retail ELTIFs
Post-Authorisation Processes for Qualified Investor ELTIFs
Changes to Qualified Investor ELTIF documentation Post-Authorisation
Post-Authorisation updates to Qualified Investor ELTIF Prospectus/Supplements and other documents should be submitted via the Portal by 3pm on the day prior to noting date using the “QIAIF/QIF: Prospectus/Supplement update - No new sub-funds” Request Change.
Post-Authorisation updates to Qualified Investor ELTIF Depositary Agreements/Constitutional Documents should be submitted via the Portal by 3pm on the day prior to noting date using the “QIAIF/QIF: Prospectus/Supplement update - No new sub-funds” Request Change.
Post-Authorisation Updates for a Qualified Investor ELTIF which only includes Country Supplement(s) can be submitted by 12pm on the date of noting using the “UCITS/AIF Country Supplement” Request Change.
Post-Authorisation updates for a Qualified Investor ELTIF which only includes Distribution/Paying Agent/Representative/Trading Agent Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Distribution/Paying Agent/Representative/Trading Agent Agreement” Request Change.
Post-Authorisation updates for a Qualified Investor ELTIF which only includes Investment Management / Investment Adviser / Administration Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Investment Manager/Investment Advisor/Administration Agreements” Request Change.
Amalgamation of Qualified Investor ELTIFs with other Investment Funds
Proposals to amalgamate Qualified Investor ELTIFs with other Investment Funds should be submitted via the Portal in accordance with Central Bank guidance.
Qualified Investor ELTIF COSPs
Qualified Investor ELTIF COSPs should be submitted via the Portal by 12pm 2 business days prior to the approval date using the “QIAIF COSP” Request Change using the QIAIF / Qualified/Professional ELTIF Change of Service Provider Application Form. Please see Request Changes Help Page on the Portal section of our website.
Revocation of Qualified Investor ELTIFs
All applications should be submitted to the mailbox [email protected]. For umbrella/standalone funds all outstanding funding levies up to date of revocation must be paid in full.
Please see Request Changes Help Page on the Portal section of our website.
Post-Authorisation processes to Professional Investor ELTIFs
Changes to Professional Investor ELTIF documentation Post-Authorisation
Post-Authorisation Updates to Professional Investor ELTIF Prospectus/Supplements and other documents should be submitted via the Portal by 3pm on the day prior to noting date using the “QIAIF/QIF: Prospectus/Supplement update - No new sub-funds” Request Change.
Post-Authorisation Updates to Professional Investor ELTIF Depositary Agreements/Constitutional Documents should be submitted via the Portal by 3pm on the day prior to noting date using the “QIAIF/QIF: Prospectus/Supplement update - No new sub-funds” Request Change.
Post-Authorisation Updates for a Professional Investor ELTIF which only includes Country Supplement(s) can be submitted by 12pm on the date of noting using the “UCITS/AIF Country Supplement” Request Change.
Post-Authorisation updates for a Professional Investor ELTIF which only includes Distribution/Paying Agent/Representative/Trading Agent Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Distribution/Paying Agent/Representative/Trading Agent Agreement” Request Change.
Post-Authorisation updates for a Professional Investor ELTIF which only includes Investment Management / Investment Adviser / Administration Agreement can be submitted by 12pm on the date of noting using the “UCITS/AIF: Investment Manager/Investment Advisor/Administration Agreements” Request Change.
Amalgamation of Professional Investor ELTIFs with other Investment Funds
Proposals to amalgamate Professional Investor ELTIFs with other Investment Funds should be submitted via the Portal in accordance with Central Bank guidance.
Professional Investor ELTIF COSPs
Professional Investor ELTIF COSPs should be submitted via the Portal by 12pm 2 business days prior to the approval date using the “QIAIF COSP” Request Change using the QIAIF / Qualified/Professional ELTIF Change of Service Provider Application Form. Please see Request Changes Help Page on the Portal section of our website.
Revocation of Professional Investor ELTIFs
All applications should be submitted to the mailbox [email protected]. For umbrella/standalone funds all outstanding funding levies up to date of revocation must be paid in full.
Please see Request Changes Help Page on the Portal section of our website.