EnactedStage in the legislative process — click for what it means29/2020Official bill number / year
Investment Limited Partnerships (Amendment) Bill 2020
- Sponsor
- Minister for Finance
- Introduced
- 17 Sep 2020
- Last updated
- 21 Jan 2021
What this bill doesAI · 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 timelineWhat do these stages mean?
- First Stage26th Seanad17 Sep 2020
- Second Stage26th Seanad23 Sep 2020
- Committee Stage26th Seanad23 Sep 2020
- Report Stage26th Seanad22 Oct 2020
- Fifth Stage26th Seanad6 Nov 2020
- Second Stage33rd Dáil6 Nov 2020
- Committee Stage33rd Dáil12 Nov 2020
- Report Stage33rd Dáil16 Dec 2020
- Fifth Stage33rd Dáil16 Dec 2020
- Enacted23 Dec 2020
Debates
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