IFSC.ie Funds Features

Ireland Publishes First AML/CTF National Risk Assessment

01/12/2016 - On 7 October 2016, the Department of Finance and the Department of Justice and Equality published the first National Risk Assessment for Ireland (NRA) on money-laundering and terrorist financing (AML/CTF).

Irish Securitisations with Financial Assets deriving their value from Irish property

01/12/2016 - Are you aware of the proposed changes to Section 110? On 6 September 2016, the Minister for Finance, Michael Noonan announced details of proposed amendments to Section 110 of the Taxes Consolidation Act 1997 ("Section 110")

ESMA Publishes Final UCITS Remuneration Guidelines

18/11/2016 - As previously reported, in March 2016 the European Securities Markets Authority ("ESMA") published its final report on Guidelines on sound remuneration policies under the UCITS Directive.

EuVECA and EuSEF Funds: Prescriptive Minimum Capital Requirements Proposed

18/11/2016 - In our August 2016 e-zine, we reported on a European Commission ("Commission") initiative to boost the numbers of venture capital and social impact funds by amending the original 2013 European Venture Capital Funds ("EuVECA") and European Social Entrepreneurship Funds ("EuSEF") Regulations.

Investment Funds Update: Finance Bill 2016

18/11/2016 - The long awaited details of the changes to the taxation of Irish investment funds holding Irish property were announced in the Finance Bill, issued on 20 October 2016.

Directors’ Time Commitments in Managing Sub-Funds

03/11/2016 - On 8 September 2016, the Central Bank of Ireland (Central Bank) issued a letter to the chairs of investment funds companies, outlining the findings of its thematic review on the additional directors’ time commitments associated with managing sub-funds.

European Parliament Rejects PRIIPs Regulation Technical Standards

03/11/2016 - On 14 September 2016, the European Parliament (Parliament) voted to reject the draft regulatory technical standards (RTS) adopted by the European Commission (Commission) in June 2016 in respect of the EU Regulation on Packaged Retail and Insurance-Based Investment Products (“PRIIPs”) (EU 1286/2014) ("PRIIPs Regulation").

European Parliament Rejects PRIIPs Regulation Technical Standards

18/10/2016 - On 14 September 2016, the European Parliament (Parliament) voted to reject the draft regulatory technical standards (RTS) adopted by the European Commission (Commission) in June 2016 in respect of the EU Regulation on Packaged Retail and Insurance-Based Investment Products (“PRIIPs”) (EU 1286/2014) ("PRIIPs Regulation").

Changes to Section 110 Regime Relating to Irish Property Assets

11/10/2016 - On 6 September 2016, the Irish Minister for Finance released a statement advising of a proposed amendment to section 110 of the Taxes Consolidation Act, 1997 (section 110), which deals with the taxation regime for special purpose vehicles (SPVs) established in Ireland to securitise assets.

The Fourth EU Anti-Money Laundering Directive – Impact on Investment Funds

11/10/2016 - The Fourth EU Anti-Money Laundering Directive (EU 2015/849) (AMLD4), which came into force on 26 June 2015, will replace the Third Anti-Money Laundering Directive (2005/60/EC) and must be transposed into the national law of member states by 26 June 2017.

The Practical Implications of MiFID II: Third Country Firms

03/10/2016 - In this article we review the new regime being introduced by MiFID II (comprising Directive 2014/65/EU on markets in financial instruments and

Irish Securitisations With Financial Assets Deriving Their Value From Irish Property

15/09/2016 - Are you aware of the proposed changes to Section 110?. On 6 September 2016, the Minister for Finance, Michael Noonan announced details of proposed amendments to Section 110 of the Taxes Consolidation Act 1997 ("Section 110")

Changes to Audit Procedure and Filing Obligations of UCITS and AIFs Proposed

13/09/2016 - The Companies (Accounting) Bill 2016 (the "Bill") was published on 5 August 2016.

Changes to Audit Procedure and Filing Obligations of UCITS and AIFs Proposed

07/09/2016 - The Companies (Accounting) Bill 2016 (the "Bill") was published on 5 August 2016. The primary purpose of the Bill is to transpose the Accounting Directive 2013,

Regulatory Round-Up

17/08/2016 - On 19 July 2016, the European Securities and Markets Association (ESMA) published an updated version of its AIFMD Q&A.

Legal and Regulatory Update July 2016

09/08/2016 - Investment Funds : Recent Legal And Regulatory Developments

Investor Money Regulations effective from 1 July 2016

02/08/2016 - The Investor Money Regulations (IMR) for Fund Service Providers (FSPs) came into force on 1 July 2016.

First Migration of Jersey Funds into Ireland under ICAV Act

07/07/2016 - This may be a timely indicator of the future Irish possibilities for UK fund promoters, and their UK based funds

Directors’ Compliance Statement – UCITS and Fund Service Providers

01/07/2016 - The Companies Act 2014 (which reformed and consolidated existing companies legislation in Ireland) (the "Act") introduced, in section 225 thereof, a new requirement that directors of public limited companies

EU Nears Agreement on Money Market Fund Reforms

28/06/2016 - Almost three years after the European Commission (“Commission”) proposed new rules to regulate money market funds (“MMFs”),

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