The Finance Bill 2010, published in February, included a provision to enable investment funds marketed exclusively outside of Ireland to avail of a waiver from the requirement for each non-resident investor to complete a declaration. The recent Finance Act provided that the Revenue Commissioners could grant approval for investment funds to apply the waiver, subject to "equivalent measures". The Revenue Commissioners have now provided details of how to apply for the waiver and the relevant "equivalent measures" .As the requirement for Irish funds to include the "non-resident declaration" was seen as administratively burdensome for industry companies servicing internationally distributed funds, the application and introduction of the waiver is a welcome development.