Regulatory Capital Requirements and Other Compliance Obligations

Regulatory Capital Requirements

An authorised UCITS ManCo is required to hold minimum regulatory capital of at least €125,000 plus 0.02% of its assets under management in excess of €250 million, subject to a cap of €10 million.

In practice, the Central Bank requires a UCITS ManCo to hold sufficient minimum capital upon authorisation to cover its projected regulatory capital requirements for its first year of operation.

Other Compliance Obligations

A UCITS ManCo must adopt certain policies and procedures, including policies relating to order handling and aggregation; best execution; remuneration; conflicts of interest; risk management; liquidity management; business continuity; accounting policies and procedures; compliance; personal transactions; valuation; anti-money laundering; cyber security; data protection and privacy; record keeping; and outsourcing.