Home Knowledge Asset Management & Investment Funds: Legislation Programme Summer 2016

Asset Management & Investment Funds: Legislation Programme Summer 2016

 

Bill

Purpose

Status

Investment Limited Partnership (Amendment) Bill

To amend certain existing collective investment scheme legislation, the Investment Limited Partnership Act 1994 and the Limited Partnership Act 1907.

Work is underway

Criminal Justice (Money Laundering & Terrorist Financing) (Amendment) Bill

To give effect to the 4th EU Money Laundering Directive, which, amongst other things requires the disclosure of beneficial ownership of shares in Irish companies.

Heads of bill expected end 2016

Statutory Audits Bill

 

To transpose certain provisions in the EU Audit Directive 2014/56/EU and the EU Regulation (537/2014). Significant provisions in the Directive and Regulation will be transposed by way of Statutory Instrument. The new rules deal with the conduct of audits, auditor appointment, the mandatory rotation of auditors for certain companies and the provision of non-audit services.

Heads of bill expected end 2016