Welcome to the November issue of our Funds E-zine. We are delighted to announce that William Fry has advised Nowlan Property REIT Management Limited in its successful application for authorisation by the Central Bank of Ireland in accordance with the Alternative Investment Fund Managers Directive (AIFMD).   This represents one of the first AIFM applications to be approved by the Central Bank and we believe the first AIFM authorisation to be granted to a manager of a REIT in Europe. Nowlan Property REIT Management has entered into an agreement to act as manager to Hibernia REIT plc, Ireland’s second REIT, that announced its intention to seek a primary listing of its ordinary shares on the Irish and London Stock Exchanges on 28 November 2013.  The authorisation enables Nowlan Property REIT Management Limited to avail of a pan-European passport to market shares in Hibernia REIT plc to professional investors in selected jurisdictions in accordance with the AIFMD.  William Fry is also advising a number of other clients on their AIFM applications and various associated issues under AIFMD.

To read our articles, please click on the hyperlinks below. For further information on any of the topics covered in this issue, please call or email any of the key contacts or your usual William Fry contact person.

Patricia Taylor
Partner
Asset Management and Investment Funds

To view articles from this month’s e-zine please select from the links below:

• Irish Stock Exchange to Provide Pre-Legal Entity Identifiers
• European Parliament Adopts Amendments to draft PRIPs Regulation
• EMIR Update
• ESMA issues statement on enforcement priorities for 2013 Financial Statements
• EU Presidency publishes compromise to Commission’s UCITS V proposal
• Companies Bill 2012 Completes Committee Stage
• Fitness & Probity – Annual PCF Confirmation Return
• Revision of UCITS Notice 10
• MMF Reform Update
• Update to the Q&A on ESMA’s Guidelines on ETFs and Other UCITS Issues