The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., announced that Government has approved the legal drafting of the Investment Limited Partnership (Amendment) Bill, 2017.
Drafting of technical amendments to the Irish Collective Asset-management Vehicles Act 2015 to assist with that Act’s operation was also agreed.
Speaking this morning, the Minister for Finance and Public Expenditure and Reform said:
“This is a further step towards ensuring that Ireland remains one of the leading funds domiciles in Europe. The revised Investment Limited Partnership structure will stand alongside the Irish Collective Asset-management Vehicle as a symbol of Ireland’s commitment to grow the funds sector while retaining a sound regulatory environment.”
Noting today’s Cabinet approval of the general scheme, Michael D’Arcy, Minister of State for Financial Services commented:
“I welcome Cabinet approval of this key 2017 action under the Government’s IFS 2020 Stra
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