About IFIA
The Irish Funds Industry Association (IFIA), is the representative body for the international investment fund community in Ireland.
Founded in 1991, the Association represents custodian banks, administrators, managers, transfer agents, fund promoters and professional advisory firms involved in the international fund services industry in Ireland. Since members of the IFIA come from all sections of the international funds industry, the Association is well placed to support and compliment the continued development of the funds industry. The IFIA vigorously pursues the goal of enhancing 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, the IFIA 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. In addition, through the development of policy and guidance papers in complex areas such as compliance, valuation, accounting, share dealing and registration, the Association defines market practice. The partnership between the administration, legal and audit member companies ensure all industry issues are represented in the formulation of these policy and guidance papers.
The IFIA's activities can be classified under five broad categories:
Environment
The IFIA represents the industry with the regulatory authority and Government agencies to ensure that the environment and infrastructure available can support the continued development of the industry.
Market Practice
Through the development of industry policy and guidance papers, the Association assists in the defining of practice in complex areas such as compliance, valuation, accounting, share dealing and registration. The partnership between its administration, legal and audit members ensure that all interests are addressed in the formulation of these guidance papers.
Training
Through the Certificate and Diploma in Investment Fund Services (a joint programme with the Institute of Bankers), a schedule of training programmes and industry-specific seminars and briefings, the Association actively supports the professional development of those working in the industry.
Marketing
The IFIA is responsible for raising the profile of Ireland internationally – not only as a domicile for the registration of funds but as a location for the administration of investment funds wherever they may be domiciled.
International Representation
The IFIA maintains close relations with its counterparts in other leading investment fund countries. It represents Ireland at the European Fund and Asset Management Association (EFAMA). It has particularly close relationships with NICSA and ALFI, the national associations of the US and Luxembourg.
An elected council of 12 members governs the Association. The work of the Council is supported by a network of committees and working groups and the day to day affairs of the Association are managed by a full time secretariat.
