Irish Funds Industry Association Ltd
Company Limited by Guarantee
II - In-house lobbyists and trade/business/professional associations
Trade and business associations
Block A, 10th Floor
George's Quay Plaza
Mr Pat Lardner
Mr Pat Lardner
The Irish Funds Industry Association (IFIA) is the industry association for the international investment fund community in Ireland, representing custodians, administrators, managers, transfer agents and professional advisory firms. Ireland is a leading centre for the domicile and administration of collective investment vehicles (“CIVs”). As the leading international funds centre, there is in excess of €2,800 billion of assets in over 12,700 CIVs administered in Ireland as of April 2014. These assets are comprised of €1,421 billion in 5,644 Irish domiciled CIVs (including sub-funds). Additionally, the industry services €1,403 billion in non-Irish CIVs administered in Ireland. As such all developments in the European and Global investment funds arena are of particular interest and relevance to the Irish industry.
Over the last 25 years, Ireland has developed a world-leading position as a jurisdiction for the administration and domiciling of internationally distributed investment funds. With more than 13,000 people employed in the administration, custody and servicing of funds, this sector within the international financial services environment remains the single largest sector by employment. In recent years we have seen an increasing number of jurisdictions seek to position themselves as domicile and servicing centres for investment funds and compete with established funds centres such as Ireland and Luxembourg. This increased competition, more so than before, necessitates the industry to continue to evolve and innovate to ensure both the product and service offerings available from the jurisdiction are attractive and add value for both our clients and the end investors. Recent initiatives to support these objectives include the prompt transposition of the Alternative Investment Fund Managers Directive (“AIFMD”) into domestic legislation, which ensured an AIFMD compliant product offering was immediately available to clients of the jurisdiction. Additionally, work is nearing conclusion on the legislation for the Irish Collective Asset-management Vehicle (“ICAV”), which will create an investment company structure that reflects the specific needs of investment funds. These initiatives further develop and enhance the funds industry in Ireland and, as a consequence, promote employment and business opportunities in the State.
- Money Market Funds
- Accounting Directive
- Audit Directive
- 4th Anti Money Laundering Directive
100%: 2 25%: 1
|No accredited persons|
European Fund and Asset Management Association
04/2013 - 12/2013
100,000 € - 199,999 €
No funding received from the EU institutions during the last closed financial year.
By its registration the organisation has signed the Transparency Register Code of Conduct.