DMS Offshore Investment Services received approval from the Central Bank of Ireland for its AIFM passporting application to Luxembourg.
The Central Bank has now forwarded the notification application to the Luxembourg authorities and this confirmation of transmission of the notification process technically completes that requirement under the Alternative Investment Fund Managers Directive (AIFMD). "Whilst the Luxembourg authorities (CSSF) have the right to request further details on the matters covered in our programme of operations, at this point the Irish AIFM is in a position to be appointed as an alternative investment fund manager to Luxembourg alternative investments funds. This includes our existing DMS Platform SICAV-SIF", says Jeremy O'Sullivan, director of DMS Dublin.
This latest development follows the Central Bank of Ireland's approval of DMS AIF Management Company in January this year. DMS AIF Manager and its propriety AIF Platform offer solutions to both European and non-European managers and investors to facilitate their continued access to the alternative investment fund market and meet the regulatory requirements of AIFMD.
With its regulatory approval, constitutional documents, service providers and legal agreements in place, DMS AIF Platform is a ready-made solution that allows alternative fund managers to focus on their core investment strategies and marketing. The platform provides its EU-wide passport for distribution, which opens up the entire EU market (including Switzerland) to investors.
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