Office Notice No. 1 of 2016
Note: On 27 June 2025 Ulster Bank Ireland DAC changed its name to Ulydien DAC. See Paragraph 1.2 below for update to this legal office notice.
1.1 Ulster Bank Ireland Limited conversion to Ulster Bank Ireland DAC – Legal Office Notice No.1 of 2016
By Certificate of Incorporation on Conversion to a Designated Activity Company (No. 25766), dated 23rd May 2016, it is certified that Ulster Bank Ireland Limited has been converted to Ulster Bank Ireland DAC (see Section 63 of the Companies Act 2014 [No. 38 of 2014]).
Note also Legal Office Notice No. 6 of 2010 Ulster Bank Ireland Limited and First Active Plc.
The following procedures apply from 23 May 2016
- Discharges and vacates of charges in favour of Ulster Bank Ireland Limited and First Active Plc will be executed under the name Ulster Bank Ireland DAC
- Charges dated on or after 23rd May 2016 must be in the name of Ulster Bank Ireland DAC.
- Charges dated prior to 23rd May 2016 that are created in the name of Ulster Bank Ireland Limited or First Active Plc but lodged after that date, should be registered in the name of Ulster Bank Ireland DAC.
- On application by Ulster Bank Ireland DAC, in any particular case, it may be registered in substitution for Ulster Bank Ireland Limited or First Active Plc as owner of individual charges, on payment of a fee of €40.
John Murphy
Deputy Registrar
3 June 2016
1.2 Ulster Bank Ireland DAC conversion to Ulydien DAC- amendment to Legal Office Notice 1/2016
Following corporate restructuring within the NatWest Group and regulatory changes approved by the Central Bank of Ireland, Ulster Bank Ireland DAC has now transferred and continued certain operations under the name Ulydien DAC, being its lawful successor in title for specified residual and credit-servicing activities.
This Office Notice No. 1 of 2016 shall be read and construed as amended as follows:
- All references to “Ulster Bank Ireland DAC” or “Ulster Bank” shall, insofar as they relate to ongoing rights, obligations, mandates, or securities that have vested in Ulydien DAC, be deemed to refer to Ulydien DAC.
- All mandates, standing instructions, guarantees, or security undertakings previously made to or in favour of Ulster Bank Ireland DAC shall continue as if made to or in favour of Ulydien DAC, without need for re-execution.
- The effective date of this substitution is 27 June 2025, being the date of registration of the name change and regulatory succession recorded by the Central Bank of Ireland.
- Save as expressly amended herein, the contents of Notice No. 1 of 2016 remain in full force and effect.
All conveyancing and registration practitioners, financial institutions, and other relevant parties should update their records to reflect this substitution when referencing instruments, charges, or undertakings previously associated with Ulster Bank Ireland DAC.
The following registration procedures apply from 27 June 2025:
- Discharges and vacates of charges in favour of Ulster Bank Ireland DAC will be executed under the name Ulydien DAC.
- Charges dated on or after 27 June 2025 must be in the name of Ulydien DAC.
- Charges dated prior to 27 June 2025, created in the name of Ulster Bank Ireland DAC but lodged after that date, should be registered in the name of Ulydien DAC.
- On application by Ulydien DAC, in any particular case, it may be registered in substitution for Ulster Bank Ireland DAC as owner of individual registered charges, on payment of the prescribed fee of €40.
Legislative and Regulatory Basis
- Central Bank Act 1997 (as amended) — Section 31 authorisation of Ulydien DAC as a Retail Credit Firm / Home Reversion Firm, effective from its registration with the Central Bank of Ireland.
- Central Bank regulatory determination (2025) — acceptance of the return of Ulster Bank Ireland DAC’s banking licence and approval of the re-registration of Ulydien DAC as successor for relevant residual operations.
Updated 1 April 2026
Head of Legal Standards and External Liaison