ARTICLE
26 April 2016

How To Establish An Alternative Investment Fund In Ireland

AC
Arthur Cox

Contributor

Arthur Cox is one of Ireland’s leading law firms. For almost 100 years, we have been at the forefront of developments in the legal profession in Ireland. Our practice encompasses all aspects of corporate and business law. The firm has offices in Dublin, Belfast, London, New York and Silicon Valley.
There are two broad categories of regulated investment funds in Ireland. The first category comprises undertakings for collective investment in transferable securities.
Ireland Finance and Banking

Introduction

There are two broad categories of regulated investment funds in Ireland. The first category comprises undertakings for collective investment in transferable securities ("UCITS"). The second category comprises alternative investment funds ("AIFs"). The term "AIF" is broadly defined and essentially comprises all non-UCITS funds. AIFs are subject to the regulations implementing the EU's Alternative Investment Fund Managers Directive ("AIFMD"). AIFMD applies to alternative investment fund managers ("AIFMs") which manage and market AIFs within the EU. The Appendix 1 to this briefing includes a decision tree to determine: (i) whether a particular vehicle is an AIF; (ii) which entity will be the AIFM; and (iii) the extent to which the AIFM can market the AIF within the EU once authorised under AIFMD. This briefing sets out the main steps involved in establishing an AIF in Ireland.

Read the full briefing here.

This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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