Investment Limited Partnerships (Amendment) Bill 2020

What this bill does AI · claude-haiku-4-5-20251001

• Modernises Investment Limited Partnership Act 1994 to align with EU funds legislation and anti-money laundering rules; replaces 'custodian' with 'depositary' and updates valuation language.
• Introduces beneficial ownership register requirements for ILPs; general partners must maintain, update and deliver registers to Central Bank; establishes central register and access conditions.
• Permits limited partners to sit on boards/committees without losing liability protection; allows umbrella ILPs; enables asset transfers when general partners change; allows ILPs to migrate in/out of Ireland.

Stage timeline What do these stages mean?

1. First Stage 26th Seanad

   17 Sep 2020
2. Second Stage 26th Seanad

   23 Sep 2020
3. Committee Stage 26th Seanad

   23 Sep 2020
4. Report Stage 26th Seanad

   22 Oct 2020
5. Fifth Stage 26th Seanad

   6 Nov 2020
6. Second Stage 33rd Dáil

   6 Nov 2020
7. Committee Stage 33rd Dáil

   12 Nov 2020
8. Report Stage 33rd Dáil

   16 Dec 2020
9. Fifth Stage 33rd Dáil

   16 Dec 2020
10. Enacted

    23 Dec 2020

Debates

• Report and Final Stages 16 Dec 2020 ↗
• Second Stage 12 Nov 2020 ↗
• Report and Final Stages 6 Nov 2020 ↗
• Committee Stage (Resumed) 22 Oct 2020 ↗
• Committee Stage (Resumed) 7 Oct 2020 ↗
• Committee Stage 30 Sep 2020 ↗
• Order for Second Stage 23 Sep 2020 ↗

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