The management of the scheme must be able to provide the Central Bank, on request, with a detailed report on the risk profile and recent performance of the scheme\u2019s investments. \u00a0Where a scheme invests more than 40% of net assets in assets managed by the same management company or an associated or related company, the management of the scheme must provide a quarterly report to the Central Bank on the extent to which the underlying schemes diversify between trading strategies. A scheme may not invest in units of another fund of funds or of a feeder fund scheme.<\/p>\n
Where the scheme invests in funds of a collective investment managed by the same management company or related management company, the manager of the scheme in which the investment is being made must waive the preliminary and initial redemption charges that it would normally charge. Where commission is received by the manager of the scheme by virtue of an investment in units of another collective investment scheme, this must be paid into the property of the scheme.<\/p>\n
Where the scheme is open-ended, it must provide at least one dealing day per month.\u00a0 The maximum interval between submission of a redemption request and payment must not exceed 95 calendar days.<\/p>\n
The scheme must retain up to 10% of redemption proceeds, where which reflects the policies until such time as the full redemption proceeds from the underlying scheme are received.<\/p>\n\n
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Collective Investment Schemes A collective investment scheme whose principal object is an investment in another single collective investment scheme is subject to the following rules in addition to general rules, which are not dis-applied below. The underlying schemes must be authorised in Ireland or in other jurisdiction recognised by the Central Bank as providing equivalent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[167],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12880"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=12880"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12880\/revisions"}],"predecessor-version":[{"id":31841,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/12880\/revisions\/31841"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=12880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=12880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=12880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}