Monday December 9, 2019

New investment partnership bill makes over 50 amendments to key acts

The Bill makes over 50 amendments to the original 1994 Act and to the Irish Collective Asset-Management Vehicles (ICAV) Act 2015

Daniel Murray

Business Reporter

@danieltmurray
23rd June, 2019

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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