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Irish AIFMs – Ready to Set Sail

The Central Bank of Ireland has set the AIFMD application filing deadline for Irish-based fund managers for February 21, 2014.

This is five months ahead of the 22 July 2014 deadline set by the Directive, giving the Irish regulator sufficient time to process applications and ensure GPs are fully authorized in time.  Managers who wish to continue to market their funds into Europe must ensure they have the required processes, controls and governance in place to support their application by this date.

However, fund managers who have decided to use an independent AIFM model, like the one offered by for example by EACC New York member Capita Asset Services, will not be required to file, as they will be able to rely on the license and services from their third party service provider. To contact Capital Asset Services email guy.dominy[at]capita-ifs.com.