SPVs in Ireland: Difference between revisions

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+{{a|entity|}}{{irish deeds}}
+{{charges in Ireland}}
+===Types of Irish [[espievie]]===
+====[[ICAV]]s====
+See the whole extra article about [[Irish collective asset-management vehicles]].
+====PIFs and QIFs====
+As per the CBI rules, a [[PIF]] ([[professional investors fund]])) and [[QIF]] ([[qualifying investors fund]]) may [[rehypothecate]] its own assets to a [[prime broker]] under the following conditions:
-== {{tag|SPV}}s in {{tag|Ireland}} ==
+'''[[PIF]]''': rehypothecated assets must not exceed 140% of the level of PIF’s [[indebtedness]] (that is ''actual'' indebtedness and not ''potential'' exposures, and subject to the right of [[set-off]]) to the PB.
-===PIFs and QIFs===
+'''[[QIF]]''':   no limit to the extent to which assets may be available to the PB but the extent to which assets are available to the PB must be fully disclosed in the prospectus issued by the QIF.
+====[[Common contractual fund]]====
+{{common contractual fund capsule}}
+====[[Section 110]] Companies====
+An Irish [[Section 110]] [[special purpose vehicle]] is an Irish tax resident company designed for use in [[securitisation]] transactions, which qualifies under Section 110 of the [[Irish Taxes Consolidation Act 1997]] for a special tax regime that enables it to be tax neutral in {{tag|Ireland}}.
-As per the CBI rules, a [[PIF]] ([[professional investors fund]])) and [[QIF]] ([[qualifying investors fund]]) may [[rehypothecate]] its own assets to a [[prime broker]] under the following conditions:
+This means it is a common Irish [[espievie]].
-'''[[PIF]]''': rehypothecated assets must not exceed 140% of the level of PIF’s [[indebtedness]] (that is ''actual'' indebtedness and not ''potential'' exposures, and subject to the right of [[set-off]]) to the PB.
+[[Section 110]] was created to help [[International Financial Services Centre]] ([[IFSC]]) legal and accounting firms compete for the administration of global securitisation deals. They are the core of the IFSC structured finance regime.
-'''[[QIF]]''':   no limit to the extent to which assets may be available to the PB but the extent to which assets are available to the PB must be fully disclosed in the prospectus issued by the QIF.
+A lot more information from the JC’s big brother [https://en.wikipedia.org/wiki/Irish_Section_110_Special_Purpose_Vehicle_(SPV) here].
+===MiFID===
+MiFID is implemented in Ireland through the [https://www.irishstatutebook.ie/eli/2017/si/375/made/en/print European Union (Markets in Financial Instruments) Regulations 2017] of Ireland.
-===Section 110 Companies===
+See a detailed exposition of the travails of European [[repackaging]] [[SPV]]s that aspire to repackage emissions allowances or commodity derivatives who wonder whether this might count as a MiFID 2 regulated activity at our [[dealing on own account]] page.
-A new form of Irish SPV.
+{{sa}}
+*[[ICAV]]
+*[[ISDA netting categories]]
+*[[Espievie]]
+*[https://en.wikipedia.org/wiki/Irish_Section_110_Special_Purpose_Vehicle_(SPV) Section 110 companies on Wikipedia]
+{{ref}}