Examples of AIFM Regulations in a sentence
In accordance with Irish law and regulations, the Directors may elect to prepare the Annual Report and accounts in accordance with generally accepted accounting practice in the State or in accordance with such international accounting standards or such alternative body of accounting standards as may be permitted under the Act and the AIFM Regulations from time to time.
The terms of appointment of any Depositary may authorise such Depositary to avail of a contractual discharge of liability under the conditions set out in the AIFM Regulations.
The ICAV shall invest the funds available to it in property as permitted by the Central Bank in accordance with the AIFM Regulations and the AIFM Rules for the purpose of giving to Shareholders the benefit of the results of the management of its funds, as further described in the Prospectus.
The Annual Report shall include the balance sheet and profit and loss account duly audited by the Auditors and the Directors’ Report and the Auditors’ Report as provided for in Section35.3 and shall be in a form approved by the Central Bank and shall contain such information as required by the Act and the AIFM Regulations and as specified by the Central Bank.
Within the European Union, the ICAV may only be marketed to investors who are professional clients (as defined in the AIFM Regulations) unless the EU member state in question permits, under the laws of that EU member state, the ICAV to be sold to other categories of investors and this permission encompasses the other categories of investors set out in the definition of “Qualifying Investor” in this Instrument.