No limits: Central Bank gives secretive LPs green light on regulation
Limited partnership registrations have doubled in the last three years and are 'abnormally high', according to the Companies Registration Office
The Central Bank of Ireland has said that it is up to secretive limited partnerships (LPs) to self-determine whether their own activities are subject to investment fund regulation.
To date, no LPs have done so. Limited partnership registrations have doubled in the last three years and are “abnormally high”, according to the Companies Registration Office (CRO).
Evidence has also emerged of the 1907 Act tax-free Irish structures being explicitly marketed internationally as investment fund vehicles....
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