On 30 September 2013, the Central Bank of Ireland (the "Central Bank") issued its latest update to the Questions and Answers ("Q&A") for the Alternative Investment Managers Directive (the "AIFMD"). The Q&A sets out responses to queries which may arise in relation to the implementation of the AIFMD.

This fourth edition of the Q&A updates the previous version issued on 19 July 2013.

A number of previous questions have been updated. Additional questions with accompanying responses have also been added as follows:

Depositary Services

  • The Central Bank previously issued guidance to the Irish funds industry in relation to safekeeping of certain types of assets including but not limited to limited partnership interests loans. Do these still apply? real estate assets and loans. Do these still apply?

Transitional Arrangements

  • Does an AIF management company have to go through a separate application process with the Central Bank in order to become subject to the AIF Rulebook?

Marketing

  • Can a non-Irish registered EU AIFM market Alternative Investment Funds ("AIF") to professional investors in Ireland?
  • Can a non-EU sub-threshold AIFM market AIF to professional investors in Ireland?

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