Automatic Enrolment Retirement Savings System Act 2024

PART 4

Investment

Definitions (Part 4)

67. In this Part—

“AE provider scheme” has the meaning given by section 69 (2);

“alternative investment fund” has the same meaning as in the European Union (Alternative Investment Fund Managers) Regulations 2013 ( S.I. No. 257 of 2013 );

“appropriate risk level” shall be construed in accordance with section 70 (2) and (3);

“investment management contract” shall be construed in accordance with section 68 (3);

“risk level” means a risk level specified in, or in regulations under, section 69 ;

“UCITS” means a collective investment scheme authorised by the Central Bank under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 ( S.I. No. 352 of 2011 );

“unit”, in relation to an AE provider scheme, includes a share and any other instrument granting an entitlement to share in the investments or relevant income of a UCITS or an alternative investment fund.