The ILP is a regulated common law partnership structure which will be of significant interest to international managers marketing to EU investors and wider global markets.
The Bill seeks to introduce a number of important changes which aim to position the ILP as a leading EU fund vehicle for private equity and sustainable investments.
Although the Bill remains subject to further approval as it passes through the legislative process, this is nonetheless a very positive and welcome development.
Further details to follow.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.