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ARTICLE · 17 DECEMBER 2013

New Corporate Structure For Funds – The ICAV

Matheson
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Progress is being made on draft legislation which will introduce the ICAV, a new corporate structure for the establishment of collective investment schemes in Ireland, increasing the range of fund structures available to promoters.

IrelandCorporate/Commercial Law
Michael Jackson
Michael Jackson
Dualta Counihan
Dualta Counihan
Anne-Marie Bohan
Anne-Marie Bohan
Tara Doyle
Tara Doyle
Shay Lydon
Shay Lydon
Liam Collins
Liam Collins
Philip Lovegrove
Philip Lovegrove
Joe Beashel
Joe Beashel
Elizabeth Grace
Elizabeth Grace
+1 more
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Progress is being made on draft legislation which will introduce the ICAV, a new corporate structure for the establishment of collective investment schemes in Ireland, increasing the range of fund structures available to promoters. It is hoped that an industry project relating to the ICAV, with which Matheson partners are extensively involved, will lead to the publication of a draft bill by the end of this year. The introduction of the ICAV underlines the Irish Government's commitment to the Irish funds industry and represents the fulfilment of one of the initiatives outlined in the Governments IFSC Strategy 2011-2016.

What is an ICAV?

The ICAV will sit alongside the public limited company ("plc") structure, which has been the most successful and popular of the existing Irish fund structures to date. The ICAV is expected to be incorporated with the Central Bank (although this has yet to be confirmed) and will provide a tailor-made fund vehicle to which will be

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