S.I. No. 630 of 2023, the European Union (Alternative Investment Fund Managers) (Amendment) Regulations 2023, issued under the authority of section 3 of the European Communities Act 1972 (No. 27 of 1972) has the objective to further implement Directive 2011/61/EU (AIFMD) of the European Parliament and of the Council of 8 June 2011.
The regulations specifically target the amendment of paragraph (7A) of Regulation 22 within the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013). The primary purpose behind this amendment is to ensure alignment with the requirements set forth by the European Union. By revoking paragraph (7A) of Regulation 22, the document aims to bring the AIFM Regulations in conformity with the specified EU standards.