Tuesday, 1 December 2015
Last updated 39 min ago
Oct 30 2012 | 9:17am ET
Ireland's Central Bank has begun six weeks of consultation on proposals to regulate non-retail investment vehicles, like hedge and private equity funds.
Ireland, where assets worth more than €1 trillion are domiciled and worth over €2 trillion are administered, plans to implement the European Union's alternative investment fund managers' directive.
In a statement issued Monday, the Central Bank said it would set out a series of proposed changes to the current regime for the regulation of Irish funds in a draft Alternative Investment Funds Handbook.
The changes include easing existing restrictions to allow retail investors to invest in “unlisted securities, derivatives and other asset classes to an extent which has not been possible for such investors up to now,” said the bank.
The bank plans to end the current promotor approval process in favor of placing greater reliance on alternative investment fund managers, reports the Irish Times. The consulations will also look at the role of fund directors.
After the consultation period, the bank will issue a response in early 2013 and publish a finalized rule book sometime soon after.
The bank’s deputy governor, Matthew Elderfield, has said that some of Ireland's existing rules actually exceed the requirements of the new directive.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…