Ireland: Fund Management/ REITs

Dechert's submission to Ireland's Department of Enterprise, Tourism and Employment advocates for comprehensive reform of the Limited Partnerships Act 1907, proposing removal of the 20-partner limit, introduction of a statutory whitelist of permitted activities, and full recognition of the commitment and drawdown capital model to modernize Ireland's private fund structures and enhance competitiveness with global jurisdictions.

Ireland's Department of Finance has unveiled its Ireland for Finance Strategy Vision 2030, charting an ambitious course for the country's international financial services sector with concrete commitments on fund tokenisation, private asset growth, and legislative modernisation.

The Central Bank of Ireland has announced two ESMA-led supervisory reviews targeting closet indexing and value for money in investment products, forming part of a coordinated EU initiative to enhance oversight of product costs and investor disclosures.

On 23 July 2026, the Central Bank of Ireland (Central Bank) published its feedback report on its review of delegation in the Irish funds sector (Report).

The Central Bank has published a feedback report (the “Report”) following its review of delegation practices in Irish AIFMs and UCITS management companies (collectively “Fund Management Companies” or “FMCs”).

The Central Bank of Ireland has completed its comprehensive review of delegation practices across the Irish funds sector, examining how fund management companies oversee delegated activities while maintaining regulatory compliance. Through detailed surveys and onsite inspections, the regulator assessed governance frameworks, risk management controls, and data capabilities, identifying both strengths and areas requiring immediate improvement by year-end 2026.

Following a collaborative consultation between the Central Bank and the Irish funds industry, the AIF Rulebook governing Irish regulated AIFs and AIFMs has been substantially modernised and simplified.

A comprehensive regulatory update for asset management and investment funds covering ESMA reports, Central Bank of Ireland reviews, SFDR 2.0 developments, and key compliance deadlines for Q2 2026.

The EU Green Bond Regulation reaches a critical juncture on 21 June 2026 when the transitional regime for external reviewers ends and mandatory ESMA registration becomes operational. This shift transforms the European Green Bond framework from a soft-launch phase into a fully regulated system with strict compliance requirements, ongoing supervision, and enhanced investor protections. Market participants must understand how these changes affect issuers, external reviewers, and the broader sustainable finance