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Bailey McCann, Opalesque New York: Ireland is making significant changes to its non-UCITS regime ahead of the Alternative Investment Funds Management Directive (AIFMD), with the goal of remaining attractive to fund managers. Following detailed preliminary discussions with industry on the implications of the forthcoming AIFMD, the Central Bank will set out a number of significant changes to its current regime for the regulation of funds authorised under Irish law. These proposals will be published in a draft 'AIF Handbook’ which will consolidate all its current rules into a single rulebook for non-UCITS funds, and which will also include a number of major changes to its current approach. The Bank has issued a consultation document which offers a detailed look at the proposed changes.

According to commentary on the changes from professional services firm Kinetic Partners, "The changes proposed will place the newly titled Qualifying Investor Alternative Investment Fund (QIAIF) and for ret......................

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