Tuesday, 17 November 2015

Questions (206)

Pearse Doherty

Question:

206. Deputy Pearse Doherty asked the Minister for Finance the number of Irish collective asset management vehicles established to date; and if he will make a statement on the matter. [40324/15]

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Written answers (Question to Finance)

In accordance with the Irish Collective Asset-management Vehicle ('ICAV') Act 2015, the Central Bank of Ireland ('the Bank') is the registration body for ICAVs.  The Bank is also the authorisation body for alternative investment funds (AIFs) or undertakings for collective investment in transferable securities (UCITS). ICAVs must be registered as ICAVs and authorised as AIFs or UCITS before they are fully operational.

I have been advised by the Bank that, to date, it has registered 98 ICAVs and of these 45 have been authorised as AIFs or UCITS; 53 ICAVs have yet to be authorised as AIFs or UCITS.