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ARTICLE · 05 DECEMBER 2018

L-QIAIF Reporting To The Central Credit Register

On 4 May 2018, the Central Bank of Ireland ("Central Bank") published an updated version of its questions and answers document on the application of the Alternative Investment Fund Managers Directive ("AIFMD Q&A")...

IrelandFinance and Banking

On 4 May 2018, the Central Bank of Ireland ("Central Bank") published an updated version of its questions and answers document on the application of the Alternative Investment Fund Managers Directive ("AIFMD Q&A") including an updated question and answer (ID 1083) relating to loan originating qualifying investor alternative investment funds ("L-QIAIFs") and obligations to report pursuant to the Central Credit Act 2013 (the "2013 Act"). The AIFMD Q&A states that the activities of an L-QIAIF, in so far as they relate to the provision of credit, may fall within the scope of the Credit Reporting Act 2013. With effect from 31 March 2018, providers of business loans are required to report to the Central Credit Register.

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