Holding Restrictions – Investment Funds – Ireland
Restrictions on customers
CBL customers domiciled in Ireland are not allowed to hold the Irish investment funds on the Register market through CBL. It is the responsibility of the customer to ensure compliance with this restriction.
Certain funds may impose specific restrictions on investor domicile (for example, in the case of U.S. persons) due to taxation and securities law considerations. Customers must refer to and abide by the restrictions (if any) contained in the fund prospectus before entering into transactions.
Sanction laws may restrict the operation of the fund in countries that are subject to sanctions.
Restrictions on settlement
There is no general restriction on settlement on Irish investment funds through CBL. However, certain funds may impose specific settlement/transfer restrictions. Customers must refer to and abide by the restrictions (if any) contained in the fund prospectus before entering into transactions.
The information contained in the Holding Restrictions is based on the legal opinion obtained by CBL that was issued on 27 February 2019. CBL believes the information to be correct as of that date but disclaims any responsibility as to the accuracy and completeness of the information after that date. In the case of discrepancy between the information provided by CBL and the local laws and regulations, the latter shall prevail. The Holding Restrictions do not constitute legal advice and customers should seek advice from independent professional counsel.
Customers are responsible for ensuring compliance with the disclosure requirements and agree to indemnify and hold harmless CBL for any loss, expense, liability, damage or claims, whether direct or indirect, against or incurred by CBL arising out of or resulting from such non-compliance.