LATEST CBI UPDATES PAVING THE WAY FOR IRELAND TO BECOME A BEST-IN-CLASS HOME FOR PRIVATE FUNDS

      As the Global Private Fund Industry anticipates the Irish ILP Act there were two very significant releases from the Central Bank of Ireland

      As the Global Private Fund Industry anticipates the Irish ILP Act there were two very significant releases from the Central Bank of Ireland today which pave the way for Ireland to become a best-in-class home for Private Funds:

      Potential for significant regulatory burden and capitalization requirements being imposed on the GP were a big concern for the Irish Private Fund industry prior to today. The CBI appears to have got it right with the recognition that the General Partner of an ILP has functions imposed by Statute relating to its authority to conduct the business of the ILP, and will be required to comply with the CBI Fitness & Probity regime. The Q&A recognizes that the General Partner appoints the AIFM to the QIAIF and also acts in an oversight capacity, but does not, itself, need to be regulated as an AIFM.

      Roll on 2021!

      If you have any questions or would like to find out how DMS can assist you with your European fund needs, please reach out to your usual representative or contact Dan Forbes from our client solutions team.

      Previous post Next post
      Share

      More like this

      The Evolution Of The Third-Party Management Company Sector: Conflicted

      This is the third in a series of 4 Articles from the DMS Client Solutions Team, bringing you their unique…
      Read more

      The Impact Of ATAD On The Aviation Industry

      We were delighted to host a webinar with our friends at A&L Goodbody and KPMG to discuss the potential impact…
      Read more

      SPACs: The Past, Present and Future

      James Woodbridge, Associate Director based in our Cayman office, and part of our Fund Governance Team
      Read more

      Back Off Black

      The EU removed the Cayman Islands from its blacklist of tax havens in October, after the British overseas territory
      Read more

      FINSA WORKSHOP

      Please join us for our FinSA workshop hosted by Matteo Risoldi, who will take you through the various steps of…
      Read more

      Cayman Islands Department For International Tax Cooperation: Portal Is Now Open

      Further to our recent communication, we are pleased to inform you that The Cayman Islands Department for International Tax Cooperation…
      Read more