Irish collective asset-management vehicle (ICAV): sourced answers
6 answers to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Fund: supplement to the legal-form questionnaire
How is the fund admitted by the regulator: registration, notification, authorisation, consent, recognition or no admission
the Central Bank registers the ICAV and separately authorises it as a UCITS or an AIF
«h Collective Asset-management Vehicle (ICAV) Act 2015 (“ICAV Act 2015”) in March 2015 is registrar for ICAVs. The registrar function of the Central Bank is a separate function to the authorisation process of the Central Bank. AIFs - ICAVs which are AIFs will be authorised by the Central Bank under the ICAV Act 2015. UCITS - ICAVs which are UCITS will be authorised by the Central Bank under the European Communities (UCITS) Regulations 2011. Registers Access our Register of Registered ICAVs and Register of Charges Created by ICAVs . In this Section Innovation Hub Central Bank of Ireland Portal How We Regulate Industry & Market Sectors Brokers / Retail Intermediaries Bureaux de Change Client Assets / Investor Money»
Source: edit.centralbank.ie · source copy as of 2026-10-03
«Grant of authorisation 19. (1) On an application made to it by an ICAV under section 18, the Bank shall grant an authorisation in respect of the ICAV if— (a) it is satisfied that— (i) the application complies with that section, and (ii) the ICAV, when authorised, will be capable of complying with the conditions imposed by the Bank under section 27 and any requirements imposed by or under any enactment or financial services legislation, (b) the Bank has approved the proposed depositary under section 21, (c) if there is to be a management company, the Bank has approved the proposed management company under section 23, and (d) the Bank is satisfied that— (i) the directors of the ICAV are fit and proper persons, 20 [2015.] Irish Collective Asset-management Vehicles Act 2015. [No. 2] PT.2 S.19 (ii) the experience and expertise of the d»
Source: irishstatutebook.ie · source copy as of 2026-10-03
«Application for registration order 10. (1) To obtain a registration order in respect of a proposed ICAV an application shall be made to the Bank. (2) The application shall— (a) be made in writing in such manner and form as may be specified by the Bank, (b) contain— (i) the instrument of incorporation (subscribed to as mentioned in section 6(2)) in respect of the ICAV, and (ii) a statement that complies with section 11, and (c) contain or be accompanied by such other information as the Bank may specify for the purpose of determining the application. (3) At any time after receiving an application and before determining it the Bank may by notice»
Source: irishstatutebook.ie · source copy as of 2026-10-03
Can the fund be open-ended, closed-ended or either
open- or closed-ended
«h Collective Asset-management Vehicle (ICAV) Act 2015 (“ICAV Act 2015”) in March 2015 is registrar for ICAVs. The registrar function of the Central Bank is a separate function to the authorisation process of the Central Bank. AIFs - ICAVs which are AIFs will be authorised by the Central Bank under the ICAV Act 2015. UCITS - ICAVs which are UCITS will be authorised by the Central Bank under the European Communities (UCITS) Regulations 2011. Registers Access our Register of Registered ICAVs and Register of Charges Created by ICAVs . In this Section Innovation Hub Central Bank of Ireland Portal How We Regulate Industry & Market Sectors Brokers / Retail Intermediaries Bureaux de Change Client Assets / Investor Money»
Source: edit.centralbank.ie · source copy as of 2026-10-03
«equirements in relation to QIAIFs are set out in Chapter 2 of the AIF Rulebook. RIAIFs and QIAIFs may be established as open-ended, closed-ended or open-ended with limited liquidity. AIFs may be authorised under domestic investment fund legislation (as noted above) and also under certain product specific legislation. This product specific legislation includes the: European Long Term Investment Fund (ELTIF) Regulation (EU 2015/»
Source: centralbank.ie · source copy as of 2026-10-02
Legal form in a country
Which statute (act) establishes the legal form
Corporate vehicle under the ICAV Act 2015
«h Collective Asset-management Vehicle (ICAV) Act 2015 (“ICAV Act 2015”) in March 2015 is registrar for ICAVs. The registrar function of the Central Bank is a separate function to the authorisation process of the Central Bank. AIFs - ICAVs which are AIFs will be authorised by the Central Bank under the ICAV Act 2015. UCITS - ICAVs which are UCITS will be authorised by the Central Bank under the European Communities (UCITS) Regulations 2011. Registers Access our Register of Registered ICAVs and Register of Charges Created by ICAVs . In this Section Innovation Hub Central Bank of Ireland Portal How We Regulate Industry & Market Sectors Brokers / Retail Intermediaries Bureaux de Change Client Assets / Investor Money»
Source: edit.centralbank.ie · source copy as of 2026-10-03
«Application for registration order 10. (1) To obtain a registration order in respect of a proposed ICAV an application shall be made to the Bank. (2) The application shall— (a) be made in writing in such manner and form as may be specified by the Bank, (b) contain— (i) the instrument of incorporation (subscribed to as mentioned in section 6(2)) in respect of the ICAV, and (ii) a statement that complies with section 11, and (c) contain or be accompanied by such other information as the Bank may specify for the purpose of determining the application. (3) At any time after receiving an application and before determining it the Bank may by notice»
Source: irishstatutebook.ie · source copy as of 2026-10-03
ICAV Act 2015
«h Collective Asset-management Vehicle (ICAV) Act 2015 (“ICAV Act 2015”) in March 2015 is registrar for ICAVs. The registrar function of the Central Bank is a separate function to the authorisation process of the Central Bank. AIFs - ICAVs which are AIFs will be authorised by the Central Bank under the ICAV Act 2015. UCITS - ICAVs which are UCITS will be authorised by the Central Bank under the European Communities (UCITS) Regulations 2011. Registers Access our Register of Registered ICAVs and Register of Charges Created by ICAVs . In this Section Innovation Hub Central Bank of Ireland Portal How We Regulate Industry & Market Sectors Brokers / Retail Intermediaries Bureaux de Change Client Assets / Investor Money»
Source: edit.centralbank.ie · source copy as of 2026-10-03
«Application for registration order 10. (1) To obtain a registration order in respect of a proposed ICAV an application shall be made to the Bank. (2) The application shall— (a) be made in writing in such manner and form as may be specified by the Bank, (b) contain— (i) the instrument of incorporation (subscribed to as mentioned in section 6(2)) in respect of the ICAV, and (ii) a statement that complies with section 11, and (c) contain or be accompanied by such other information as the Bank may specify for the purpose of determining the application. (3) At any time after receiving an application and before determining it the Bank may by notice»
Source: irishstatutebook.ie · source copy as of 2026-10-03
Which authority registers the structure and keeps its register
the Central Bank registers the ICAV
«h Collective Asset-management Vehicle (ICAV) Act 2015 (“ICAV Act 2015”) in March 2015 is registrar for ICAVs. The registrar function of the Central Bank is a separate function to the authorisation process of the Central Bank. AIFs - ICAVs which are AIFs will be authorised by the Central Bank under the ICAV Act 2015. UCITS - ICAVs which are UCITS will be authorised by the Central Bank under the European Communities (UCITS) Regulations 2011. Registers Access our Register of Registered ICAVs and Register of Charges Created by ICAVs . In this Section Innovation Hub Central Bank of Ireland Portal How We Regulate Industry & Market Sectors Brokers / Retail Intermediaries Bureaux de Change Client Assets / Investor Money»
Source: edit.centralbank.ie · source copy as of 2026-10-03
«Grant of authorisation 19. (1) On an application made to it by an ICAV under section 18, the Bank shall grant an authorisation in respect of the ICAV if— (a) it is satisfied that— (i) the application complies with that section, and (ii) the ICAV, when authorised, will be capable of complying with the conditions imposed by the Bank under section 27 and any requirements imposed by or under any enactment or financial services legislation, (b) the Bank has approved the proposed depositary under section 21, (c) if there is to be a management company, the Bank has approved the proposed management company under section 23, and (d) the Bank is satisfied that— (i) the directors of the ICAV are fit and proper persons, 20 [2015.] Irish Collective Asset-management Vehicles Act 2015. [No. 2] PT.2 S.19 (ii) the experience and expertise of the d»
Source: irishstatutebook.ie · source copy as of 2026-10-03
«Application for registration order 10. (1) To obtain a registration order in respect of a proposed ICAV an application shall be made to the Bank. (2) The application shall— (a) be made in writing in such manner and form as may be specified by the Bank, (b) contain— (i) the instrument of incorporation (subscribed to as mentioned in section 6(2)) in respect of the ICAV, and (ii) a statement that complies with section 11, and (c) contain or be accompanied by such other information as the Bank may specify for the purpose of determining the application. (3) At any time after receiving an application and before determining it the Bank may by notice»
Source: irishstatutebook.ie · source copy as of 2026-10-03
Which authority supervises the structure (other than the registrar), if any
Central Bank of Ireland
«f the relevant documentation. An application for authorisation as a Qualifying Investor AIF can only be made where the: Management company, general partner, AIFM, Directors in the case of an investment company or ICAV, depositary; and other service providers (fund administrator, investment manager) have been approved/cleared by the Central Bank in advance of the application. An application for authorisation must be made in writing specifying the legislation under which authorisation is required. The letter of application must be accompanied by the standard application forms , duly completed and all relevant documentation. The application must be made by the AIFM together with the investment company or management company or general partner and depositary as appropriate. Applications, including applications for approval of new sub-funds of existing umbrella Qualifying Investor AIFs, must be submitted through ORION and filed no later than 5pm on the business day before the proposed date of authorisation or approval. Where applications are not in full compliance with the Central Bank’s requirements, authorisa»
Source: centralbank.ie · source copy as of 2026-10-03
«h Collective Asset-management Vehicle (ICAV) Act 2015 (“ICAV Act 2015”) in March 2015 is registrar for ICAVs. The registrar function of the Central Bank is a separate function to the authorisation process of the Central Bank. AIFs - ICAVs which are AIFs will be authorised by the Central Bank under the ICAV Act 2015. UCITS - ICAVs which are UCITS will be authorised by the Central Bank under the European Communities (UCITS) Regulations 2011. Registers Access our Register of Registered ICAVs and Register of Charges Created by ICAVs . In this Section Innovation Hub Central Bank of Ireland Portal How We Regulate Industry & Market Sectors Brokers / Retail Intermediaries Bureaux de Change Client Assets / Investor Money»
Source: edit.centralbank.ie · source copy as of 2026-10-03
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