Asset Management in Ireland in 2024: A Year in Preview
For further information on any of the issues discussed in this publication please contact the related contact(s) on this page.
While funds and their management companies may still be taking stock after another busy year in 2023, 2024 is shaping up to be an equally demanding year for industry stakeholders.
In this briefing, we provide an overview of some key dates which should be appearing in the compliance calendars of Irish funds and their management companies as well as a synopsis of some of the legal and regulatory developments we can expect in the next twelve months.
| Date | Matter | Suggested action to be taken |
|---|---|---|
| 1 January 2024 | The EU Taxonomy Environmental Delegated Act[4], which sets down the technical screening criteria which must be satisfied in order for an economic activity to be deemed as contributing to any of the Taxonomy-related environmental objectives enters into force. | Where relevant, fund management companies should revise internal Taxonomy compliance frameworks to incorporate the revised and additional delegated acts which begin to apply from this date. |
| 1 January 2024 | All PRIIPS KID issued by Irish funds on or after 1 January 2024, regardless of date of authorisation of the relevant fund, must be filed with the Central Bank of Ireland (Central Bank) from this date. | Ensure that appropriate compliance arrangements are put in place so that PRIIPS KID issued on or after 1 January 2024 are filed with the Central Bank via its portal. |
| 10 January 2024 | 2024 The revised ELTIF Regulation begins to apply. For further information, please see “ELTIF 2.0” below. | Monitor the adoption of finalised implementing measures by the European Commission (Commission) under the revised ELTIF Regulation and the publication of the Central Bank’s revised AIF Rulebook setting down the domestic supervisory and reporting framework which will apply to Irish-domiciled ELTIFs |
To read the full article click here to download.
DISCLAIMER: This document is for information purposes only and does not purport to represent legal advice. If you have any queries or would like further information relating to any of the above matters, please refer to the contacts above or your usual contact in Dillon Eustace.
Copyright Notice: © 2024 Dillon Eustace LLP. All rights reserved.
)
)