Pearse Doherty (Donegal, Sinn Fein)
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289. To ask the Minister for Finance further to Parliamentary Question No. 40 of 30 of April 2025, the total value held in the 1,193 dormant authorised funds i.e. authorised funds within scope that have not applied for revocation; and if he will make a statement on the matter. [23132/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank of Ireland, as Regulator, collects the data, and has provided the Department with the following information:

Out of the total population of dormant funds authorised by the Central Bank of Ireland which have not applied for revocation, a total of 32 funds have non-zero assets under management (AUM) totalling €102m. This accounts for less than 0.01% of total AUM of Irish authorised investment funds.

As noted in the response to PQ ref no 21468/25 the Central Bank is aware that many dormant funds have residual issues which prevent them from seeking revocation of authorisation, the most common of which are:

• uncontactable shareholders, remaining monies cannot be paid out;
• remaining shareholders have not submitted documents to comply with Anti-Money Laundering (AML) requirements and monies cannot be paid out; and
• issues with remaining assets e.g. illiquid assets