Briefing

Liquidating an Irish Collective Asset Management Vehicle

Aengus Burns Aengus Burns

The Irish Collective Asset management Vehicle (ICAV) is a corporate vehicle specifically developed for investment funds and is regulated by the Central Bank of Ireland (the ‘Central Bank’). Like an investment company, an ICAV is a corporate entity that is governed by a board of directors and owned by its shareholders.

The ICAV is governed by a simplified legislative regime under the ICAV Act 2015 which was introduced in March 2015 and is distinct from the Irish Companies Act 2014. With the exception of the liquidation of an ICAV, the ICAV structure is not subject to Irish company law and accounting rules which apply to Irish Collective Investment Schemes (CIS) structured as a Public Limited Company (PLC). The authorisation and
supervision of the ICAV will be carried out by the Central Bank.

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