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Industry Updates

Central Bank Pre-Christmas and Year End Deadlines 2019

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Central Bank Pre-Christmas and Year End Deadlines 2019

The Central Bank (“CBI”) has issued its annual letter setting out its submission deadlines for receipt of applications which have pre-Christmas or pre-year end authorisation / approval / noting deadlines.  Set out below are the main deadlines. If you have any queries on the below, or the deadlines for other types of CBI applications, please contact your usual Maples Group contact.

UCITS and RIAIFs

Deadlines for receipt of complete applications for UCITS and RIAIFs are as follows:

Fund/post-authorisation applications Deadline for receipt
 New Fund launches and non-fast track sub-funds (also applies to self managed/internally managed investment company/ ICAV applications)

 

11 October, 5pm
Addition of new fast-track sub-funds to existing structures 8 November, 5pm
Post-authorisation amendments (major items) 11 October, 5pm
Post-authorisation amendments (all other items)  8 November, 5pm

Executed documentation for authorisations / approvals / notings required on 24 December and / or 27 December must be received by the CBI by 12pm on 23 December.

2 January 2020 is the first day of 2020 that funds may be authorised / approved and documents must be received by 3pm on 30 December.

QIAIFs

The normal 24 hour turnaround for QIAIFs continues to apply up until 20 December. Further detail is set out below in relation to QIAIF filings submitted through ORION.

For authorisation / approval / noting on: Deadline for receipt
23 December

20 December, 5pm
27 December (the first day after Christmas that funds may be authorised) 23 December, 3pm
30 December 27 December, 5pm
2 January (the first day in 2020 that funds may be authorised)  30 December, 5pm

For QIAIF Filings (non-ORION based applications), the following deadlines apply:

QIAIF Filings (non-ORION based applications) Deadline for receipt
23 and 24 December

20 December, 3pm
27 December 23 December, 3pm
2 January 30 December, 3pm

IQs

Normal timeframes apply for individual questionnaire (IQ) filings until 22 November. Thereafter, the following deadlines apply:

IQ application type Deadline for receipt
IQs relating to QIAIFs

2 December, 5pm
IQs relating to other fund types and fund service providers 22 November, 5pm

Applications must be complete when submitted. Incomplete applications will be returned and will not be considered for pre-Christmas / pre-year end timeframes.

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