Fund governance by jurisdiction series: Ireland

Following on from last month’s review of fund governance in Cayman The NED continues its series examining fund governance and directors by jurisdiction with a look at Ireland. (Next month, Luxembourg.)

There are a number of things that make Irish fund governance different from what occurs in the other fund jurisdictions. Perhaps the biggest single difference is the two local director residency rule. Another way that Ireland stands out is the activist role played by the regulator, the CBI, in its oversight of fund governance.

This is relatively new. It seems to have started with the CBI’s thematic review of CP86, which was published last autumn, rather than the original measure, brought in a couple of years before.

To read more on this story see the December issue of The NED.

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