Ireland’s Department of Finance Consults on Framework for Funds Sector

In April 2023, Ireland’s Minister for Finance, Michael McGrath T.D., announced a wide-ranging review of the Irish funds sector. As part of that review, Ireland’s Department of Finance is now conducting a consultation (Consultation) and will report back to the Minister in mid-2024. The Consultation provides a broad overview of the Irish funds sector; the available fund structures; the regulatory and supervisory framework; taxation of investment products; and real estate and securitization vehicles. It also poses multiple questions about all of those topics. This article parses the Consultation. The deadline for submission of comments on the Consultation is September 15, 2023. All submissions will be made public, with personal data redacted. See our two-part series “ALFI Seminar Examines E.U. Funds Landscape and Regulatory Developments Affecting Distribution”: Part One (Nov. 18, 2021); and Part Two (Dec. 9, 2021).

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