On 21st January 2021, the Central Bank of Ireland (CBI) published the updated forms for Retail Investor AIF (RIAIF) and Qualifying Investor AIF (QIAIF).
Retail Investor Alternative Investment Funds (RIAIFs) – RIAIFs are subject to less investment and eligible asset restrictions than UCITS but are subject to a regime more restrictive than the QIAIF Regime. RIAIFs do not have the automatic right to market across the EU under the AIFMD marketing passport. Access to individual markets may be granted on a case-by-case basis. RIAIFs must appoint a fully authorised AIFM.
Forms:
Section 1 – RIAIF Application Form (January 2021)
Section 2 – RIAIF Prospectus (January 2021)
Section 3 – RIAIF Deed of Constitution (January 2021)
Section 9 – RIAIF Sub-fund Supplement (January 2021)
Section 10 – Investment Limited Partnership Agreement (January 2021)
ORION Application:
Section 2 ORION RIAIF Prospectus (January 2021)
Section 3 ORION RIAIF Deed of Constitution (January 2021)
Section 9 ORION RIAIF Sub-fund Supplement (January 2021)
Section 10 ORION Investment Limited Partnership Agreement (January 2021)
Qualifying Investor Alternative Investment Funds (QIAIFs) – QIAIFs are not subject to many investment or borrowing restrictions. QIAIFs can avail of the Central Bank’s 24-hour approval process subject to certain conditions and confirmations. In addition, QIAIFs may be marketed freely to professional investors across the EU and the EEA by an authorised AIFM using the AIFMD marketing passport.
Forms:
Section 1 and 2 – QIAIF Application Form (January 2021)
Section 3 – QIAIF Deed of Constitution (January 2021)
Section 8 – QIAIF Sub-Fund Application Form (January 2021)
Section 9 – Investment Limited Partnership Agreement (January 2021)
ORION Application:
QIAIF – Applicant Confirmation for Fund Application ORION (January 2021)
QIAIF Application Confirmation for Sub-Fund Application ORION (January 2021)
QIAIF Sections 2 – Prospectus (January 2021)
QIAIF Section 3 ORION Deed of Constitution (January 2021)
Click on the link for further information.