ICAV Legislation Passed

The legislation providing for the new Irish corporate fund structure, the ICAV, was signed into law on 5 March 2015 by the President of Ireland. The relevant legislation, the Irish Collective Asset-management Vehicles Act 2015, came into operation on 12th March 2015.

Central Bank Issues ICAV Documentation

The Central Bank announced that it would commence to accept ICAV applications from March 16th 2015 and has issued related forms and a Q&A.

AIF Rulebook Updated

The Central Bank has issued a new edition of the AIF Rulebook dated March 2015 and replacing that dated September 2014. Key changes reflected in the updated edition include provisions reflecting the enactment of legislation providing for the ICAV, although other miscellaneous changes have also been included. 

Read the AIF Rulebook - March 2015

Irish Government Announces Updated Financial Services Strategy

The Irish Government has issued “IFS2020: A Strategy for Ireland’s International Financial Services sector 2015-2020”. This outlines the plans of the Irish Government to further boost the international financial services industry in Ireland, which it notes already involves over 13,000 people in the funds sector alone in Ireland, in the coming years.

Latest Irish Fund Launches

The Central Bank has announced that 48 new funds launched in Ireland during February 2015.

Read the Central Bank's fund data