Apex Group (Apex) has received Full Depositary authorisation from the Central Bank of Ireland for its subsidiary the European Depositary Bank (EDB) to operate in Ireland.
UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy.
BrickVest has received authorisation from the Autorité des Marchés Financiers (AMF) to operate its investment management platforms from Nice with additional offices in Paris and Berlin. This will enable the company to continue providing real estate investment management and liquidity services to its European clients post-Brexit.
JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments.
BRE Global Ireland has received confirmation that it has completed the European Union’s process to operate as a Notified Body and a Technical Assessment Body by achieving accreditation from the Irish National Accreditation Board (INAB) in Ireland.
By Keith Parker, Link Asset Services – The Irish funds industry had another bumper year with total assets for 2017 growing by EUR298 billion – a 16 per cent year-on-year increase – to a record high of EUR2.4 trillion1, a substantial figure and testament to the attractiveness of Ireland as a global funds domicile. Of this total just over 76 per cent represents UCITS funds’ assets, the balance representing alternative assets. More than 900 fund managers from 50-plus countries have assets serviced in Ireland.2
By Mark Crossan, Bridge Consulting – Irish Funds are on the move again. Every couple of years there is a new product evolution. In 2015 we had the introduction of the ICAV (Irish Collective Asset Management Vehicle) and 2018 is shaping up to be no different. Not only could this year be the year that Ireland gets its eagerly awaited revamped Investment Limited Partnership (ILP) structure, but it looks like other changes are afoot as well.
By Gayle Bowen & Aongus McCarthy, Pinsent Masons – Under new rules implemented by the Central Bank of Ireland (“Central Bank”) last month, Irish Loan Originating Qualifying Investor AIFS (“L-QIAIFs”) are now permitted to adopt broader credit focussed strategies. Previously L-QIAIFs were prohibited from engaging in any activities other than lending and ancillary related operations.
Ireland’s investment funds industry shows no sign of slowing with total AUM reaching EUR2.4 trillion by end of 2017. That’s a 16 per cent growth year-on-year and represents a new high watermark for the jurisdiction, as alternative fund managers continue to set up UCITS and QIAIFs.
ALFI comments on the EC proposal amending UCITS and AIFM Directives…