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ireland brings aifmd into national law

By International Adviser, 18 Jul 13

The Irish Department of Finance has transposed the Alternative Investment Fund Managers Directive into national law.

The Irish Department of Finance has transposed the Alternative Investment Fund Managers Directive into national law.

The enactment follows the release by the Central Bank of Ireland of its AIF Rulebook and application forms in May 2013.

Kevin Murphy, Chairperson of the Irish Funds Industry Association, said: “[It] represents the culmination of a co-ordinated effort between the Department of Finance, the Central Bank of Ireland and the IFIA to ensure that Ireland is AIFMD ready. It clearly represents Ireland’s ongoing commitment to being the domicile of choice for funds.”

Luxembourg and the UK both also recently introduced laws to implement the AIFMD.

 

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.