Funds Sector 2030: A Framework for Open, Resilient & Developing Markets

We welcome your feedback

The Department of Finance is conducting a wide-ranging review of the funds sector under the broad and interlinked themes of “Open Markets, Resilient Markets and Developing Markets”. The Review will seek to ensure that the funds sector in Ireland is resilient and that the regulatory and supervisory frameworks are future-proofed, supportive of macro-prudential stability, investor protection and consistent with international best-practice standards.

Key objectives include developing a framework within which Ireland can maintain its leading position in fund management and fund servicing and ensuring that the sector continues to support economic activity both at the regional and national level in Ireland.

Respondents to the online consultation are invited to address all or only a selection of the questions in the consultation paper. There is also the possibility to share any additional opinions, information or feedback that you may have on matters within the Terms of Reference that are not addressed directly in the specific questions within the consultation paper. The deadline for this public consultation is 15 September 2023.

How to respond to this consultation paper

If you wish to respond to this consultation paper you may do so either electronically using the 'Make a Submission' link on this page, or in writing by 15 September 2023, as set out below:

The Department requests that you provide reasons and explanations for the responses you provide to this consultation paper as this will aid consideration of the issues. Where possible, please also provide material, or references to material, that support or evidence the points you make in your responses.

In Section 8 of this consultation paper, you can share any additional opinions, information or feedback that you may have on matters within the Terms of Reference that are not addressed directly in the specific questions within the consultation paper.

The information requested in the About You section (Annex 2) must be completed by all respondents submitting a hard-copy response to the public consultation.

Save for these questions in Annex 2, you may choose to respond to all or some of the questions in the remaining sections of the consultation paper i.e. you may answer as many or as few questions as you wish.

Notices

Responses to this consultation are subject to the provisions of the Freedom of Information Act 2014 (FOI), Access to Information on the Environment Regulations 2007-2018 (AIE) and the Data Protection Act 2018.

We intend to publish the contents of all submissions received in response to our consultation on the Department’s website. We will redact personal data prior to publication. In responding to this consultation paper, parties should clearly indicate where their responses contain personal information, commercially sensitive information or confidential information which they would not wish to be released under FOI, AIE or otherwise published.

We would like to draw your attention to the Data Privacy Notice on the Department’s website which explains how and when we collect personal data, why we do so and how we treat this information. It also explains your rights in relation to the collection of personal information and how you can exercise those rights.

Next Steps

The Review Team will analyse responses to this consultation and targeted stakeholder engagement will occur in late 2023 and into 2024. The Review team will consider interim/progress updates to stakeholders. Further consultations may be held at a later stage in the Review.

A draft Report will issue to the Minister for Finance in summer 2024.