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ARTICLE · 07 JULY 2022

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Update To The CBI Pre-Submission Process For QIAIFs

Dillon Eustace
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In a development which will be welcomed by many in the funds industry in Ireland, the Central Bank of Ireland ("CBI") has provided updated guidance with respect to the pre-submission process...

IrelandFinance and Banking
Dillon Eustace
Dillon Eustace
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Key Points to Note:

Pre-submissions no longer required for loan origination, life settlement or non-

  • Irish real estate QIAIFs or QIAIFs investing less than 10% of its net asset value in cash-settled Bitcoin futures traded on the Chicago Mercantile Exchange (subject to certain conditions);
  • Pre-submissions still required for QIAIFs seeking to invest in Irish real estate or in crypto assets;
  • Central Bank of Ireland quality assurance testing will continue with further developments possible.

In a development which will be welcomed by many in the funds industry in Ireland, the Central Bank of Ireland ("CBI") has provided updated guidance with respect to the pre-submission process for certain categories of qualifying investor alternative investment funds ("QIAIFs").

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