Ireland presents the international investment funds industry with an unparalleled set of attractions both as a domicile for UCITS and for the enterprises providing services to them, according to law firm Mason Hayes & Curran.
Over the last 20 years, Ireland has earned a reputation as a leading jurisdiction for regulated investment funds including UCITS. Currently over USD1.4 trillion in fund assets are domiciled in Ireland while the Irish fund industry services close to USD2.75 trillion in assets.
The willingness of the Irish regulatory authority, the Central Bank of Ireland, to implement timely authorisation processes and to adapt and develop its regulation to keep pace with developments in the investment funds
industry, both in its interpretation of the UCITS framework and more generally, has contributed hugely to Ireland’s success. As a result, the investment funds industry in Ireland has developed rapidly, with more than 12,000 people now directly employed in investment funds related activities.
Over 40% of global alternative investment funds are serviced in Ireland, which has fostered an expertise in administering hedge funds but also familiarity with the sophisticated risk strategies which UCITS are now permitted to use.
Mason Hayes & Curran has published a comprehensive guide to UCITS in Ireland summarising the legal and regulatory structures under which UCITS may be established in Ireland, and also outlining the procedure for authorisation, the primary legal and regulatory considerations applicable when establishing UCITS in Ireland and all relevant supplementary matters to be considered.
Please click here to download a copy of Mason Hayes & Curran’s “A guide to UCITs in Ireland”
