S.I. No. 372/2015 - Irish Collective Asset-management Vehicles Act 2015 (Section 149(2)) (Relevant Jurisdictions) Regulations 2015.


Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 11th September, 2015.

I, MICHAEL NOONAN, Minister for Finance in exercise of the powers conferred on me by section 149 (2) of the Irish Collective Asset-management Vehicles Act 2015 (No. 2 of 2015) and being satisfied as to the matters specified in the said subsection (2), hereby make the following regulations:

1. These Regulations may be cited as the Irish Collective Asset-management Vehicles Act 2015 (Section 149(2)) (Relevant Jurisdictions) Regulations 2015.

2. Each of the places specified in the Schedule is prescribed as a relevant jurisdiction for the purposes of section 149 (1) of the Irish Collective Asset-management Vehicles Act 2015 (No. 2 of 2015).

Schedule

1. British Virgin Islands.

2. Cayman Islands.

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GIVEN under the Official Seal of the Minister for Finance,

3 September 2015.

MICHAEL NOONAN,

Minister for Finance.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations provide for the prescription of the British Virgin Islands and the Cayman Islands for the purposes of s. 149(2) of the Irish Collective Asset-management Vehicles Act 2015 .

Designation as a relevant jurisdiction permits an ICAV to migrate to that jurisdiction without the need to wind-up in accordance with the relevant legal provisions for the winding-up of an ICAV in other circumstances.