Central Bank publishes the Twenty-Eighth Edition of the Central Bank UCITS Q&A Document

The Central Bank has today issued the 28th Edition (PDF 677.49KB) of the Central Bank UCITS Q&A, which includes a new Q&A ID 1094, in relation to investment by UCITS in Contracts for Difference (CFDs), Collateralised Loan Obligations (CLOs), Contingent Convertible Securities (CoCos) and binary options.

The Q&A outlines the Central Bank’s approach whereby a UCITS proposes to invest in CFDs, CLOs, CoCos or binary options and how that UCITS may be subject to enhanced scrutiny at the authorisation phase with a view to ensuring that the proposal is appropriate taking into account the overall portfolio of assets that is proposed for the UCITS.