Central Bank - Approval Process for UCITS Side Pockets in the context of the Russian invasion of Ukraine

Central Bank - Approval Process for UCITS Side Pockets in the context of the Russian invasion of Ukraine

On 16 May 2022, the Central Bank of Ireland (the “CBI”) issued a notice of intention in respect of the approval process for UCITS side pocket arrangements in relation to Russian, Belarusian and Ukrainian assets that are impacted by the Russian invasion into Ukraine and/or impacted by sanctions that have been imposed as a result of Russia’s invasion of Ukraine (the “Notice”) (here).