CBI proposes changes to AIF rulebook
10 September 2025 Ireland
Image: Tupungato/stock.adobe.com
The Central Bank of Ireland has published a public consultation detailing proposed changes to the Central Bank Alternative Investment Fund (AIF) Rulebook.
The consultation paper has been issued to back the application of the revised EU Alternative Investment Fund Managers Directive and the Department of Finance Funds Sector 2030 Final Report recommendations.
The amendments put forward, advance Ireland’s regulatory framework for Alternative Investment Funds and in particular Qualifying Investor Alternative Investment Funds (QIAIFs).
If adopted, it could become one of the most significant remodellings of the Irish private funds regime in a number of years.
Some of the key amendments proposed include: Irish loan-originated QIAIFs to line up with EU regulation (AIFMD II) and abolishing of domestic ‘gold plating’, the ridding of arduous approval and government demands for wholly-owned subsidiaries, the scrapping of a ban on QIAIFs granting loans or performing role as guarantor to facilitate fund financing and the permitting of QIAIFs to take major influence in issuers (with disclosure) and a fair treatment standard will supersede equal treatment rules.
Stakeholders are invited to provide their perspectives on the suggested changes to the AIF Rulebook until 5 November 2025, when the consultation process closes.
The consultation paper has been issued to back the application of the revised EU Alternative Investment Fund Managers Directive and the Department of Finance Funds Sector 2030 Final Report recommendations.
The amendments put forward, advance Ireland’s regulatory framework for Alternative Investment Funds and in particular Qualifying Investor Alternative Investment Funds (QIAIFs).
If adopted, it could become one of the most significant remodellings of the Irish private funds regime in a number of years.
Some of the key amendments proposed include: Irish loan-originated QIAIFs to line up with EU regulation (AIFMD II) and abolishing of domestic ‘gold plating’, the ridding of arduous approval and government demands for wholly-owned subsidiaries, the scrapping of a ban on QIAIFs granting loans or performing role as guarantor to facilitate fund financing and the permitting of QIAIFs to take major influence in issuers (with disclosure) and a fair treatment standard will supersede equal treatment rules.
Stakeholders are invited to provide their perspectives on the suggested changes to the AIF Rulebook until 5 November 2025, when the consultation process closes.
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