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ARTICLE · 01 MAY 2015

Funds - Ireland - Quarterly Update Q1 - January - March 2015

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On 16 July 2013, the European Union (Alternative Investment Fund Managers) Regulations 2013 (No. 257 of 2013) gave effect to Alternative Investment Fund Managers Directive

IrelandFinance and Banking

1 Legal & Regulatory

1.1 AIFMD Update

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

There have been a number of developments over the quarter:

(a) ESMA Q&A

On 9 January 2015, the European Securities and Markets Authority ("ESMA") published an updated version (ESMA/2015/11) of its Q&A on the application of AIFMD. The new Q&A are all grouped under the heading of reporting to national competent authorities under Articles 3, 24 and 42. On 26 March 2015 ESMA published a further update of its Q&A (2015/ESMA/630). The new Q&As are in the following sections:

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