Closed-Ended Funds Prospectuses

The prospectus approval service standards are set out below:

Prospectuses

In relation to closed-ended funds prospectuses submitted to the Central Bank for scrutiny, the following timeframes will apply:

• 100% of initial submissions of prospectuses assessed within 10/20 working days
•  90% of subsequent submissions of prospectuses assessed within 5 working days

Where the offer to the public involves securities issued by an issuer that does not have securities admitted to trading on a regulated market and that has not previously offered securities to the public, 20 working days will apply. 10 working days will apply in all other circumstances.

Supplements

In relation to closed-ended funds supplements submitted to the Central Bank for scrutiny, the following timeframes will apply:

• 100% of initial submissions of supplements assessed within 5 working days
• 100% of subsequent submissions of supplements assessed within 5 working days

Universal Registration Documents

In relation to universal registration documents submitted to the Central Bank for scrutiny, the following timeframes will apply:

• 100% of initial submissions of universal registration documents for frequent issuers assessed within 5 working days
• 100% of subsequent submissions of universal registration documents for frequent issuers assessed within 5 working days

Approval Submissions

In relation to approval submissions, 100% of approval submissions approved on the same day. This excludes incomplete or inaccurate approval submissions.