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ARTICLE · 18 AUGUST 2022

Alternative Investment Funds 2022

Dillon Eustace
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The Irish Funds Legislation, which governs the establishment and operation of Irish AIFs authorised and regulated by the Central Bank of Ireland (the "Central Bank"),...

IrelandFinance and Banking
Brian Kelliher
Brian Kelliher
Richard Lacken
Richard Lacken
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1 Regulatory Framework

1.1 What legislation governs the establishment and operation of Alternative Investment Funds?

The Irish Funds Legislation, which governs the establishment and operation of Irish AIFs authorised and regulated by the Central Bank of Ireland (the "Central Bank"), is set out in question 1.3 below. Additionally, Irish AIFs structured as European long-term investment funds ("ELTIFs") are impacted operationally by Regulation (EU) No 2015/760 (the "European Long-term Investment Funds Regulation").

The governing legislation of Irish AIFs not subject to authorisation by the Central Bank depends on the legal form of those AIFs; e.g. the Companies Act, 2014 will apply to corporate AIFs established as investment companies with fixed capital.

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