Right place right time Ireland - the domicile of choice for regulated funds
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Changes to the UCITS directive introduced in 2001 extended the scope of eligible assets for
UCITS to new classes of assets.
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As a result, UCITS managers now invest in a much greater
number of countries and in more complex instruments than in 1985. As more investment
opportunities arise in different third country jurisdictions, the necessity to appoint sub-
custodians in these jurisdictions increases.
Despite the enlargement of eligible investment instruments, the UCITS Directive does not
define the conditions applicable in case a depositary delegates custody to a sub-custodian. The
lack of clarity pertains both to the conditions under...
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Right place right time Ireland - the domicile of choice for regulated funds
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Right place right time Ireland - the domicile of choice for regulated funds
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