IRELAND: IFSRA publish consultation paper on QIFs

Friday January 26 2007

As recently reported on Funds-Axis, in Ireland, the Financial Regulator has agreed, in principle, to a fast track authorization process for Qualifying Investor Funds (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.

Prior to the introduction of this new procedure, the Regulator has now released a consultation paper in respect of the application form and Guidance Note for QIFs. This consultation can be found at the above link.

This is to be a short consultation, with responses to be received by Friday 2 February 2007. If no significant issues arise during the consultation process, then applications for authorisation of QIFs will be accepted under the amended application process from 14 February 2007.