IRELAND: Irish Regulator approves fast-track authorisation of QIFs

Tuesday December 19 2006

The IFIA has today issued a press release confirming that the Board of the Financial Regulator has approved a proposal to revise the current process for authorization of QIFs such that a QIF will now be capable of being authorized on a filing only basis, with the potential for spot-checks to be performed on applications post-authorisation.

A revised application form and Notice will be circulated in early January and the Financial Regulator will be accepting applications under the new QIF arrangements no later than February 2007.

The IFIA release can be found at the above link.