About Us

Our History

The Irish Funds Industry Association (Irish Funds) is the representative body for the international investment fund community in Ireland.

Founded in 1991, Irish Funds represents fund managers, custodian banks, administrators, transfer agents, professional advisory firms and other specialist firms involved in the international fund services industry in Ireland.

Members come from all areas of the international funds industry and Irish Funds is well-placed to support and complement the continued development of the industry. Irish Funds vigorously pursues the goals of enhancing and promoting Ireland as the location of choice for the domiciling and administration of investment funds.

Through its representation and participation on government and industry committees/working groups, Irish Funds has contributed to and helped shape the development of Ireland's regulatory and legislative framework and has proven that industry and authority can work in partnership together without compromising the essential integrity of their differing mandates. 

Through the development of policy and guidance papers in complex areas such as compliance, valuation, accounting, share dealing and registration, Irish Funds defines market practice. The collaboration across our member companies ensures that a wide range of industry perspectives and insights are represented in the formulation of these policy and guidance papers.

Funds Industry Milestones

The development of the funds industry in Ireland has been marked by a number of key events during the past 25+ years. 

Year Milestone
1987 IFSC established
1989 Introduction of the UCITS Directive to Ireland and the launch of the first Irish UCITS fund
1990 Ireland is the first European jurisdiction to offer a regulated alternative investment fund product, the Irish Qualifying Investor Fund
1991 Irish Funds Industry Association is founded, then called the Dublin Funds Industry Association (DFIA)

1st Money Market Fund (MMF) launches in Ireland
1995 Collective Investor Schemes introduced by The Finance Act 1995

ISE becomes independent, forming The Irish Stock Exchange Limited
2000 Launch of the first European Exchange Traded Fund (ETF)
2003 The Common Contractual Fund (CCF), an Irish tax transparent structure, is established
2007 Dublin Funds Industry Association (DFIA) renames to the Irish Funds Industry Association (IFIA)

QIFs can now be authorised by the Financial Regulator within 24 hours of receipt of completed documentation
2008 Memorandum of Understanding signed by the Irish and Chinese Regulators
2009 Ireland’s combined assets under administration reach €1 trillion
2011 Ireland is amongst the first group of EU member states to implement the UCITS IV Directive

Irish domiciled investment funds reach €1 trillion
2012 Irish funds industry surpasses €2 trillion in total assets under administration
2013 Ireland ranked as best place in the world to do business by Forbes Magazine, on factors such as innovation, taxes, technology, freedom, red tape and investor protection

Ireland is the first EU Member state to open AIFMD application process

Ireland has the highest rating in the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes
2014 The Irish Funds Industry Association and the Asset Management Association of China (AMAC) sign a MoU in Beijing to promote even closer co-operation 

€1.2 trillion of UCITS assets located in Ireland

Ireland provides home for first China A-Shares ETF in Europe under RQFII

Ireland becomes first offshore fund domicile to sign an intergovernmental agreement (IGA) with the US to facilitate compliance with FATCA requirements
2015 Enactment of the Irish Collective Asset-management Vehicle (ICAV) Legislation

IFIA (Irish Funds Industry Association) rebrands as ‘Irish Funds’

Central Bank Permits Investment in Chinese Shares via Stock Connect

Total assets under administration reach €3.8 trillion
2016 Assets under administration for ICAV funds reaches €14.5 billion

Net assets domiciled in Ireland reach €1.9 trillion

Irish Funds Celebrates 25th Year Anniversary
2017 Irish funds industry surpasses €4 trillion in assets under administration

Net assets domiciled in Ireland surpasses €2 trillion.
Irish Funds Member Portal Access
If you have already registered for the Irish Funds Member Portal, you can continue below. To avoid seeing this notification again, tick the box below.
Continue to Portal
Do You Need Access?

As an Irish Funds member you can access key Industry documents and resources

Register Now