Central Bank of Ireland consults on amendments to their UCITs and AIF regulations

The Central Bank of Ireland has published two consultation papers, seeking industry feedback on proposed changes to the domestic regulatory framework governing UCITS and Alternative Investment Funds. The consultation papers, designated CP 161 and CP 162, introduce amendments necessitated by AIFMD II.

CP 161 addresses amendments to the Central Bank UCITS Regulations and Guidance on performance fees for UCITS and certain types of Retail Investor Alternative Investment Funds. The consultation proposes to replace the current UCITS Regulations to ensure alignment with revised European rules that will apply in member states from 16 April 2026.

CP 162 presents proposed amendments to the Central Bank's AIF Rulebook, in order to align in with the revised AIFMD.

The consultation period for both papers will close on 5 November 2025, providing stakeholders with eight weeks to submit their responses.

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