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New regulated funds

The Financial Supervision Commission says there is a new opportunity for finance companies with a new type of fund.

The Regulated Fund will come into effect on May 1, when the FSC says it will reissue specialist and qualifying funds.

In a statement, the commission says it's in response to a new market environment which recognises the importance of appropriate regulatory oversight for funds.

And it has already been met with some approval – the Irish Stock Market says the regulatory structures mean such funds can now be listed there.

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