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ARTICLE · 17 MAY 2013

AIFMD: Irish Regulator Now Accepting Applications

Mason Hayes & Curran LLP
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On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland, announced that it is now accepting applications under the Alternative Investment Fund Managers Directive.

IrelandFinance and Banking
Fionán Breathnach
Fionán Breathnach
Mark Browne
Mark Browne
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On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland (the "Central Bank"), announced that it is now accepting applications under the Alternative Investment Fund Managers Directive (the "AIFMD").

The Central Bank also published the relevant Application Forms, as well as its AIF Rulebook, making it the first regulator in Europe to provide such clarity on its approach to applications under AIFMD. The AIF Rulebook details the requirements relating to alternative investment funds ("AIFs"), alternative investment fund managers ("AIFMs"), AIF management companies, fund administrators and depositaries. The Central Bank also issued a Q&A document clarifying the structures and processes that will allow investment managers to comply with the AIFMD. All of this AIFMD related documentation is currently available on the Central Bank's website as well as draft application forms for new AIFMD compliant AIFs.

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