Minister for Finance, Michael McGrath TD, has published a public consultation document “Funds Sector 2030: A Framework for Open, Resilient & Developing Markets”. In April we reported that the Minister had published the terms of reference for the Department of Finance to conduct a review of Ireland’s funds sector.
An online consultation portal is now open to allow stakeholders to submit their views on how Ireland can maintain its position in asset management and fund servicing, how the sector can support economic activity both at the regional and national level and how to ensure the sector is financially resilient, future-proofed and continue to meet international best-practice. The review will also incorporate three recommendations from the Commission on Taxation and Welfare in relation to the taxation regime for investments products, the IREF and REIT regimes and the section 110 regime.
The consultation period will run from Thursday 22 June until Friday 15 September 2023. More information can be found on gov.ie. The Institute, under the auspices of the CCAB-I will respond to the consultation and members wishing to provide input can contact us by email.
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