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ARTICLE · 06 MAY 2014

Funds - Ireland - Quarterly Update Q1 | January - March 2014

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The European Union (Alternative Investment Fund Managers) Regulations 2013 gave effect to the Alternative Investment Fund Managers Directive in Ireland.

IrelandFinance and Banking

1 LEGAL

1.1 AIFMD Update

On 16 July 2013, the European Union (Alternative Investment Fund Managers) Regulations 2013 (No. 257 of 2013) gave effect to the Alternative Investment Fund Managers Directive (2011/61/EU) ("AIFMD") in Ireland.

There have been a number of developments over the quarter:

  1. In the previous quarter, the Central Bank of Ireland (the "Central Bank") notified all investment funds authorised in accordance with the NU Notices and their proposed alternative investment fund managers ("AIFMs") that the transitional date for compliance with AIFMD is 22 July 2014. The Central Bank also set 21 February 2014 as the latest date for receipt of applications seeking authorisation as an AIFM including internally managed alternative investment funds ("AIFs").

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