Ireland: Fund Management/ REITs

The Department of Enterprise, Tourism and Employment has launched a public consultation on targeted reforms to the Limited Partnerships Act 1907, proposing changes that could significantly impact Ireland's private funds landscape. The consultation addresses three key areas: increasing the maximum number of partners from 20 to 149, introducing a statutory whitelist of permitted activities for limited partners, and allowing greater flexibility regarding capital contributions and withdrawals.

Exchange-traded funds (“ETFs”) have transformed the investment landscape since their European debut in the early 2000s, offering diversification and transparency to investors across the spectrum.

The Central Bank of Ireland has completed a comprehensive review of delegation practices across the Irish funds sector, examining governance frameworks, oversight arrangements, and control mechanisms employed by fund management companies. While the review found generally positive compliance with regulatory requirements and supervisory expectations, it identified specific areas requiring enhancement, including board independence, resource allocation, and data management capabilities. The Central Bank has set

Explore the intersection of asset management and investment funds within the financial services sector. Discover key insights into regulatory frameworks, fund structures, and industry best practices that shape modern investment strategies.

This follows the publication of a consultation paper 161 by the Central Bank in September 2025 in which it outlined proposed changes to the existing domestic regulatory regime applicable to Irish...

Walkers' Asset Management and Investment Funds team provides a comprehensive quarterly update on Irish legal and regulatory developments from April to June 2026, covering AIFMD II transposition, Central Bank guidance on liquidity management and board diversity, ESMA compliance findings, and the latest sustainable finance regulations including ESG ratings and SFDR 2.0 proposals.

The most common category of Irish Fund subject to the Alternative Investment Fund Managers Directive (“AIFMD”), and the fund most used by private capital sponsors, is the Qualifying Investor Alternative Investment Fund (“QIAIF”). A QIAIF is subject to the Central Bank of Ireland’s (“CBI”) AIF Rulebook.

The Central Bank of Ireland has published a revised AIF Rulebook introducing changes expected to position Ireland as a preferred domicile for private asset funds. Legal experts from Dillon Eustace discuss the key modifications in the updated rulebook and provide insights into the new pan-European loan origination framework.

Ireland has now transposed the AIFMD II Directive into national law through the publication of two statutory instruments: the European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2026...