We will be in further contact with you as matters develop in relation to the implementation of UCITS IV. 

The current requirements for the production by each UCITS of a simplified prospectus are to be replaced under UCITS IV by a “key investor information” document (KIID).

UCITS IV will impose some additional requirements on UCITS management companies and UCITS companies which do not appoint a manager (i.e. self-managed investment companies) ("SMICs") in terms of organisation, conflicts of interest, conduct of business and risk management. 

UCITS IV (EC 2009/65/EC) and its attendant Level 2 measures are required to be adopted by all EU Member States by 1 July 2011. 

In the current recessionary time, there is ever increasing pressure to provide high quality customer service to ensure business survival. Please click on the title for further information on the benefits of quality customer service.

Sonya Manzor of our Tax Department discusses the agreement reached with the European Stability Fund to provide a stable source of funding at reasonable rates and a mechanism to restructure the Irish banking industry to a more sustainable level and the main highlights of the Budget from an international perspective, the key message for multinationals being that there is no change to the 12.5% corporate tax rate.

Sonya Manzor of our Tax Department discusses the nature of activities that will qualify for the 12.5% rate of corporation tax on trading profits and how to manage one’s activities to benefit from this trading rate.  Given the recent confirmations that the 12.5% rate will be maintained, it looks likely that trading rate enquiries will continue.

Ireland continues to attract major international companies for foreign direct investment. Significant new investments by existing companies in Ireland and companies new to Ireland have consolidated Ireland’s position as the number one destination globally for jobs created by foreign direct investment.  A selection of some of the announcements in recent months include Google, IBM, Kellogg’s, Merit Medical…

Exchange traded funds (“ETFs”) have continued to perform well in maintaining and gathering new assets during the volatile financial markets.  In this article, we discuss why Ireland has been so successful in attracting ETF providers and maintaining its position at the cutting edge of ETF product development.