The government has published the long anticipated Investment Limited Partnership (Amendment) Bill 2019. The Bill makes over 50 amendments to the original 1994 Act and to the Irish Collective Asset-Management Vehicles (ICAV) Act 2015.
The amendments include the creation of umbrella funds structures, allowing multiple sub-funds to exist with separated liability under a larger fund; the provision of multiple names for the same funds if they operate in different jurisdictions, and a significantly easier process for the substitution of...
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