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As readers will be aware, a Bill to amend The Investment Limited
Partnerships Act, 1994, which governs the establishment and
operation of regulated investment limited partnerships
(
ILP ) in Ireland, was published in
September 2020. In an exciting development for the asset management
industry, on 16 December, 2020, the Bill has passed all stages of
the parliamentary process and is expected to be now be sent forward
for signing by the President.
The Bill is intended to modernise the law governing investment
limited partnerships so as to make the ILP the vehicle of choice