Central Bank Publishes Amended AIF Handbook And Feedback Statement

The Central Bank of Ireland (the “Central Bank”) has published a feedback statement and an updated AIF Handbook following its October 2012 consultation (“CP60”) on implementation of the Alternative Investment Fund Managers Directive (“AIFMD”). The AIF Handbook has been amended to incorporate changes resulting from the consultation process and the publication of the European Commission’s Delegated Regulation supplementing the AIFMD (the “Level 2 Regulation”). Matheson was closely involved in the preparation of the response submitted by the Irish Funds Industry Association (“IFIA”) and also made a separate submission on the consultation. The Central Bank has responded positively to a number of the proposals contained in those submissions.