The Minister for Finance has signed new ICAV Regulations

  • SI 371 of 2015, Irish Collective Asset- management Vehicles Act 2015 (Section 145(2)) (Relevant Jurisdictions) Regulations which provide for the prescription of the British Virgin Islands and the Cayman Islands for the purposes of s. 145(1) of the Irish Collective Asset-management Vehicles Act 2015. This means that a corporate entity which is a collective investment scheme in that jurisdiction may migrate to Ireland, becoming in the process an ICAV.
  • SI 372 of 2015 Irish Collective Asset- management Vehicles Act 2015 (Section 149(2)) (Relevant Jurisdictions) Regulations 2015 which provide for the prescription of the British Virgin Islands and the Cayman Islands for the purposes of s. 149(1) of the Irish Collective Asset-management Vehicles Act 2015. This means that an ICAV may migrate to that jurisdiction without the need to wind-up in accordance with the relevant legal provisions for the winding-up of an ICAV in other circumstances.