After AIFMD, the Central Bank of Ireland Turns its Attention to Loan Origination Funds

July 29, 2013

Having been one of the first countries to implement the Alternative Investment Fund Managers Directive ("AIFMD") and, as far as we can gather, having been the first country to approve an Alternative Investment Fund Manager ("AIFM"), the Central Bank of Ireland ("Central Bank") has now turned its attention to the quesion of whether it should remove its prohibition on the origination of loans by alternative investment funds ("AIFs"). In this regard, last week it published a discussion paper ("Discussion Paper") seeking the views of interested parties and posing questions on the topic. It should be noted there are already a significant number of Loan AIFs established in Ireland, where the investment focus is on loan participation rather than loan origination.  

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