ICAV Goes Live In Ireland

Profession:Maples and Calder

Maples and Calder ("Maples") is pleased to announce that the Irish Collective Asset-management Vehicle Act, 2015 ("ICAV Act") is now fully in force and we have advised on the first major registration.

The ICAV Act commenced on 12 March 2015 and allows the incorporation of a new, tax efficient and innovative corporate structure, specifically for Irish investment funds. Available to both new and existing UCITS and AIFs structures, the ICAV offers numerous benefits over existing Irish corporate fund structures. Please visit our ICAV webpage for further details of key features. 

The Central Bank of Ireland ("CBI") opened its ICAV register on 16 March 2015 and Maples has advised the Permal Group on first day registration. The Permal Managed Account Platform ICAV ("PMAPL ICAV") will complement the Permal Group's existing BVI managed account fund range and will...

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