Ireland Discussing Regulatory Regime For Retail Hedge Funds
According to a recent Global Fund News report, the Dublin Funds Industry Association
is currently in talks with the Irish Financial Services Regulatory Authority
with regard to the creation of a regulatory regime which would allow retail
hedge funds to be sold in Ireland. If such a regime can be put in place, the Republic will become the first European
country to endorse the sale of the potentially risky but profitable investment
vehicles to non-institutional investors. The groundwork for the move has already been laid, according to Global Fund
News, as the Irish authorities last year created regulations permitting retail
investors to access funds of hedge funds. Speaking to the news service, Dublin Funds Industry Association executive,
Declan Casey observed that: "Alternative investments have been in vogue in the last few years and Dublin
has gained a strong reputation in this area but we are well aware of the many
obstacles that lie ahead. The issue of disclosure for retail hedge funds remains
difficult. But retail hedge funds are definitely on the agenda." A comprehensive report describing the investment fund sector in most key offshore jurisdictions, with details of the regulatory structure, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/
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