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ICAV: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "An ICAV — an Irish collective asset-management vehicle, so really, it should be called an ICAMV — is a specific type of Irish investment vehicle established under...") |
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An ICAV — an [[Irish collective asset-management vehicle]], so really, it should be called an [[ICAMV]] — is a specific type of Irish investment vehicle established under the Irish Collective Asset-management Vehicles Act 2015 (No. 2/2015) with effect from 12 March, 2015. Commentators expect the ICAV structure to become the default structure for new asset management funds in Ireland. | An ICAV — an [[Irish collective asset-management vehicle]], so really, it should be called an [[ICAMV]] — is a specific type of Irish investment vehicle established under the Irish Collective Asset-management Vehicles Act 2015 (No. 2/2015) with effect from 12 March, 2015. Commentators expect the [[ICAV]] structure to become the default structure for new asset management funds in {{tag|Ireland}}. | ||
ICAVs: | ICAVs: | ||
*are cheaper and easier to administrate than corporate fund vehicles; | *are cheaper and easier to administrate than corporate fund vehicles; | ||
*are not subject to company law provisions designed for normal trading companies ( | *are not subject to company law provisions designed for normal trading companies (they will not be corporations under Irish companies legislation); | ||
*can be structured to “check-the-box” for treatment as a partnership or disregarded entity for US federal [[tax]] purposes; | *can be structured to “check-the-box” for treatment as a partnership or disregarded entity for US federal [[tax]] purposes; | ||
*qualify for the same attractive Irish tax regime as corporate fund vehicles. | *qualify for the same attractive Irish tax regime as corporate fund vehicles. | ||
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*will be available to investment companies from other jurisdictions who wish to re-domicile n Ireland. | *will be available to investment companies from other jurisdictions who wish to re-domicile n Ireland. | ||
'''[[ISDA netting category]]''': [[Investment fund]], though ideally opinion should specifically refer to | '''[[ISDA netting category]]''': [[Investment fund]], though ideally the {{tag|netting}} opinion should specifically refer to [[ICAV]]s. | ||
{{Seealso}} | {{Seealso}} | ||
*[[SPVs in Ireland]] | *[[SPVs in Ireland]] | ||
*[[ISDA netting categories]] | |||