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ARTICLE · 16 OCTOBER 2014

Green Light For Loan Originating QIAIFs

Dillon Eustace
Dillon Eustace
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The Central Bank of Ireland is accepting applications for authorisation of Irish domiciled qualifying investor alternative investment funds which can engage in direct loan origination.

IrelandFinance and Banking
Dillon Eustace
Dillon Eustace
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The Central Bank of Ireland ("Central Bank") has announced that with effect from October 1, 2014 it will accept applications for authorisation of Irish domiciled qualifying investor alternative investment funds ("QIAIFs") which can engage in direct loan origination. Readers will be aware that earlier this year the Central Bank issued a Consultation Paper (CP 85) indicating its intention to allow the establishment of such funds.

That consultation closed on August 25. The Central Bank has now issued its Feedback Statement and has simultaneously issued its revised AIF Rulebook incorporating the final rules for loan originating QIAIFs. The relevant section from the AIF Rulebook is repeated in the Appendix to this briefing paper.

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