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. |