In the recent edition covering July – September 2023, the Irish Quarterly Legal and Regulatory Developments report provided crucial updates for asset management and investment funds. This edition primarily covered matters such as UCITS & AIFMD developments, Central Bank developments, and other significant updates. The report is hosted at jdsupra.com, authored by Walkers.
The developments in UCITS & AIFMD centered primarily around ‘AIFMD II’ negotiations. As all legal professionals closely following the asset management sector know, ‘AIFMD II’ negotiations will have significant implications for international regulations surrounding alternative investment fund managers. The specific details and discussions regarding these negotiations have been discussed in the report.
The conversations about alterations and enhancements to the legal framework for Undertakings for the Collective Investment in Transferable Securities (UCITS) also occupy a significant portion of the report. These discussions, as stated in the report, are part of a broader attempt to streamline and modernize the global funds industry.
The Central Bank of Ireland’s recent developments form the second crucial portion of the report. Key among the reported updates is the Bank’s progress on implementing ‘ELTIF 2.0’ in Ireland. The report discusses in detail the Bank’s implementation process and its implications for Ireland’s economic and finance sector.
Additionally, this segment of the report covers updates on the revised outsourcing register by the Central Bank of Ireland. This update forms a vital part of the ongoing changes in regulatory measures focused on increasing the transparency and accountability of banking and finance entities.
The contents of this report will be vital for all legal professionals involved in asset management and investment funds, especially those operating at an international level, to remain apprised of the latest developments and regulatory alterations in the financial sector.
For a comprehensive overview of these key dates and developments during the quarter, navigated to the full report at jdsupra.com.