A New Dawn For Ireland’s Private Funds Regime

What You Need to Know

On 5 May 2026, the Central Bank of Ireland (“CBI”) published its Feedback Statement to its Consultation Paper 162 (referred to as “CP 162”), together with a revised AIF Rulebook which comprehensively updates and enhances Ireland’s regulatory framework for alternative investment funds (“AIFs”).

The enhancements are the result of an extensive and collaborative industry consultation which closed in November 2025. They also coincide with the publication of the Irish statutory instrument to implement AIFMD 2.0¹, which came into effect on 1 May 2026.

The CBI’s reforms are designed to align the Irish domestic regulatory framework with AIFMD 2.0; to adopt recommendations from the Department of Finance’s Funds Sector 2030 review; and to ensure consistency with broader EU policy initiatives such as the Savings and Investment Union.