Updates to the Central Bank's Pre-Submission Process

On 1 July 2022, the Central Bank provided an update relating to the pre-submission process it has in place for certain Qualifying Investor Alternative Investment Funds ("QIAIFs"). Going forward this process is only required where it is proposed that a QIAIF will invest in: (i) Irish property assets; or (ii) crypto assets. However, it has also made it clear that it may update the list of QIAIFs which are required to make a pre-submission to the Central Bank in the future.

In our latest advisory, we provide an overview of the pre-submission requirements for proposed investments in Irish property assets and crypto assets, as well as the Central Bank's process for quality assurance reviews post-authorisation.

Click to view advisory