Legalize / Ireland / Statutory Instrument

S.I. No. 289/2026 - European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) (No. 2) Regulations 2026

Type Statutory Instrument

Publication 2026-06-26

State In force

Text As published

Source Irish Statute Book

articles 4

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

Reform history JSON API

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 26th June, 2026.

I, SIMON HARRIS, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972), and for the purpose of giving further effect to Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009¹ , as amended by Directive (EU) 2024/2994 of the European Parliament and of the Council of 27 November 2024² , hereby make the following regulations:

PART 1 Preliminary and General

Citation and Commencement

1.

(1) These Regulations may be cited as the European Union (Undertakings for Collective Investment in Transferable Securities) (Amendment) (No. 2) Regulations 2026.

(2) These Regulations shall come into operation on 25 June 2026.

Definition

2.

In these Regulations, “Principal Regulations” means the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 ( S.I. No. 352 of 2011 ).

PART 2 Amendment of Principal Regulations

Amendment of Regulation 3 of Principal Regulations

3.

The Principal Regulations are amended, in Regulation 3(1), by the insertion of the following definition:

“ ‘CCP’ means a CCP as defined in point (1) of Article 2 of Regulation (EU) 648/2012;”.

Amendment of Regulation 70 of Principal Regulations

4.

The Principal Regulations are amended, in Regulation 70—

(a) in paragraph (1)—

(i) in subparagraph (a)—

(I) by the deletion of “OTC”, and

(II) by the insertion of “subject to prudential supervision” after “financial institutions”,

and

(ii) in subparagraph (c), by the substitution of “a UCITS in a derivative transaction that is not centrally cleared through a CCP authorised in accordance with Article 14 of Regulation (EU) No 648/2012³ or recognised in accordance with Article 25 of that Regulation” for “a UCITS in an OTC derivative transaction”,

and

(b) in paragraph (2), by the substitution of the following subparagraph for subparagraph (c):

“(c) exposures arising from derivative transactions that are not centrally cleared through a CCP authorised in accordance with Article 14 of Regulation (EU) No 648/2012⁴ or recognised in accordance with Article 25 of that Regulation.”.

GIVEN under my Official Seal,

22 June, 2026.

SIMON HARRIS,

Minister for Finance.

Footnotes

OJ No. L 302, 17.11.2009, p. 32.

OJ L, 2024/2994, 04.12.2024.

OJ No. L 201, 27.07.2012, p. 1

OJ No. L 201, 27.07.2012, p. 1.

This document does not substitute the official text published in the Irish Statute Book. We accept no responsibility for any inaccuracies arising from the transcription of the original into this format.

This text is published under Irish Statute Book's own terms of reuse, not a Legalize or public-domain licence. Irish Statute Book
CC-BY 4.0 (Oireachtas Open Data PSI Licence)
Contains Irish Public Sector Information licensed under the Oireachtas (Houses of the Oireachtas) Open Data PSI Licence / Creative Commons Attribution 4.0 International, sourced from https://www.irishstatutebook.ie.