As you may be aware, the Return of Values (Investment Undertakings) Regulations 2013 (the “Regulations”) came into effect in July of this year. The Regulations contain a number of new tax reporting requirements which must be complied with by investment funds, particularly in respect of an update to be made to the fund’s application form to obtain a tax reference number for Irish resident individuals who make a new investment on or after 1 January 2014. As a result, we are advising all of our clients to contact their administrators to ensure that they are fully compliant with the Regulations.