The Irish Parliament has adopted the bill introducing the Irish Collective Asset-Management Vehicle (ICAV). The new structure is introduced to minimize the administrative complexity and cost of establishing and maintaining collective investment schemes in Ireland. Some of the key aspects of the ICAV include:
- May be formed by any 2 or more persons
- Has limited liability
- Registration is done through the Central Bank of Ireland
- The sole object of an ICAV shall be the collective investment of its…