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ARTICLE · 12 SEPTEMBER 2025

Reform Of Irish Private Fund Regulatory Rules

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On 9 September 2025, the Central Bank of Ireland (Central Bank) published a public consultation (CP162) setting out significant changes it proposes to make to its AIF Rulebook...

IrelandFinance and Banking
Nicholas Blake-Knox
Nicholas Blake-Knox
Damien Barnaville
Damien Barnaville
Aongus McCarthy
Aongus McCarthy
Claire Winrow
Claire Winrow
Joe Mitchell
Joe Mitchell
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On 9 September 2025, the Central Bank of Ireland (Central Bank) published a public consultation (CP162) setting out significant changes it proposes to make to its AIF Rulebook, with a specific focus being placed on changes impacting the Qualifying Investor Alternative Investment Fund (QIAIF) and the Loan Originating QIAIF (L-QIAIF), (Rulebook Consultation).

With 125 separate consultation questions, this is the largest overhaul of the AIF Rulebook since its original publication in July 2013 and presents an opportunity for Ireland to become a leader in the private funds area. Having already delivered a market leading European Long-Term Investment Fund (ELTIF) regime, the Central Bank has now turned its attention to overhauling its QIAIF regime by ensuring that it addresses the needs of private fund general partners and limited partners alike.

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