Carol Nolan (Laois-Offaly, Independent)
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251. To ask the Minister for Finance the number of collective asset management vehicles and undertakings for collective investment in transferable securities that are currently authorised, registered or incorporated in Ireland; and if he will make a statement on the matter. [9750/22]

Paschal Donohoe (Dublin Central, Fine Gael)
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In accordance with the Irish Collective Asset-management Vehicle ('ICAV') Act 2015, the Central Bank of Ireland is the registration body for ICAVs.  The Central Bank  of Ireland is also the authorisation body for Alternative Investment Funds (AIFs) and Undertakings for Collective Investment in Transferable Securities (UCITS). ICAVs must be registered as ICAVs and authorised as AIFs or UCITS before they are fully operational.

I have been advised by the Central Bank of Ireland that, to date, there are 5,119 UCITS authorised in Ireland, 1,028 of which are established as ICAVs.  There are also 3,307 AIFs authorised in Ireland, 1,573 of which are established as ICAVs. 

As the registrar of ICAVs, the Central Bank has also registered 794 ICAVs.  The registrar function of the Central Bank is separate to the authorisation process, and was introduced in the ICAV Act 2015. This process entails the Central Bank making a registration order which specifies the date on which the ICAV will come into operation and constitute a corporate body. 

The Central Bank maintains a register of authorised UCITS, a register of authorised AIFs and a register of registered ICAVs, all of which are available on their website.