EU Directives

Wednesday, 25 March 2026

Ceisteanna (40)

Colm Burke

Ceist:

40. Deputy Colm Burke asked the Tánaiste and Minister for Finance to provide an update on Ireland's transposition of the EU Alternative Investment Fund Management Direction; and if, as part of, or on foot of, the transposition, there will be updates to Ireland's regulatory framework to better facilitate the establishment of regulated retail Irish domiciled funds that can invest in Irish infrastructure and green energy, while also offering regulated retail access to these investment structures; and if he will make a statement on the matter. [22729/26]

Amharc ar fhreagra

Freagraí scríofa

Tánaiste and Minister for Finance

Directive (EU) 2024/927, which amends the Alternative Investment Funds Managers Directive (AIFMD) along with the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive, was published in the Official Journal of the European Union on 26 March 2024. My officials are working with the Office of the Parliamentary Counsel (OPC) to complete transposition by the deadline of 16 April 2026.

The changes provided for by Directive (EU) 2024/927 largely relate to the harmonisation of EU rules on delegation, liquidity risk, supervisory reporting, depository services, and loan origination by alternative investment funds. The transposition of this Directive will amend the domestic legal and regulatory framework to reflect these changes.

As the Deputy may be aware, under the existing EU regulatory frameworks, retail investors can access a wide range of investment strategies and assets through authorised UCITS, Retail Investor AIFs and European Long-Term Investment Funds (ELTIFs). Whether funds choose to make investments in infrastructure and green energy in Ireland is a commercial decision by the investment manager.