Of the 27 countries of the European Union, Ireland was the most opposed to Brexit. Since Britain left on December 31, it is the one most affected.
Car parts, electrical goods, furniture, clothing and food are sitting in warehouses across the country because of a shortage of agents to process all the paperwork required since January 1 to export them to the U.K.
The Freight Trade Association said the industry was struggling to keep the flow of goods moving because of a new pre-boarding notification system and new safety, security and import/export declarations. It has asked the Irish government for an adjustment period of six months.
Updated / Friday, 5 Feb 2021
08:40
Pat Lardner, the chief executive at Irish Funds
Assets under management in Irish domiciled investment funds is set to climb to over €5 trillion by 2025, rallying from the €3.21 trillion recorded at the end of 2020.
This is according to new industry analysis by Irish Funds, the Association of the Funds and Asset Management Industry in Ireland.
With nearly 8,000 domiciled funds and over 14,000 total funds administered here, Ireland has over the last 30 years become the second investment fund location in the EU and the third largest in the world.
The Irish investment funds industry currently employs just over 16,000 people across asset management, depositaries, administrators, professional advisors, transfer agents, and other specialist firms.
By Gail Moss2021-02-04T16:26:00+00:00
European investors in private markets now have access to a new vehicle domiciled in Ireland, allowing them to invest more easily in these asset classes.
The framework is provided by Ireland’s Investment Limited Partnerships (Amendment) Act 2020, which modernises the existing law to create a new investment limited partnerships (ILP) structure, aligning it with international standards for private equity funds.
The intention is to make this the vehicle of choice for institutional investors in private equity, private debt, renewables and real assets.
The legislation, which took five years to reach the statute book, is expected to strengthen Ireland’s position as a financial hub, creating 3,000 jobs by 2025 and attracting €20bn per year in global private capital, while expediting the green recovery.
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In this issue we consider some SFDR updates including, the
Central Bank s fast-track filing process and the European
Supervisory Authorities request for clarifications from the
European Commission on the application of certain SFDR provisions.
Ahead of the commencement of the ILP (Amendment) Act 2020 on 1
February we take a look at the Irish Investment Limited Partnership
structure. We also consider ESMA s announcement of its CSA on
costs and fees in UCITS and its recent statement regarding reverse
solicitation rules.
If you would like to discuss any of the topics covered, please