Search News and Articles
Important Changes to Authorisation Process for Irish Domiciled Qualifying Investor Funds
The Irish Funds Industry Association has announced this afternoon a hugely significant and extremely positive change in the authorization process for Irish domiciled qualifying investor funds (“QIFs”).
The QIF authorization process, as well as its product parameters, are to be changed to accelerate the time to market and otherwise improve the attractiveness of the QIF product.
QIFs will now be capable of being authorised by the Financial Regulator on a filing only basis which will mean that there will no longer be a prior review of QIF fund documentation and a QIF meeting the preagreed parameters can file for authorization on Day X and authorization will issue on Day X+1.
For more information please visit www.dilloneustace.ie