Special Purpose Vehicles

Introduction

Irish-resident Section 110 companies (SPVs) are obliged to report quarterly data to the Central Bank under Section 18 of the Central Bank Act 1971. Please note that this reporting requirement does not apply to Section 110 companies already reporting to the Central Bank as Financial Vehicle Corporations (see here). Information regarding the reporting requirement is available below. This includes a how-to guide on the reporting process:

Registration

For registering an SPV with the Central Bank please follow the guidance in the document below. You should contact [email protected] with the details in guidance notes to start the registration process.  The notification email should be received by the Central Bank by no later than 5 working days after the vehicle engages in its first financial transactions.

Submission of Data

Data must be submitted by all SPVs by no later than 29 working days from the end-quarter reference date. A full list of reporting deadlines is available at this link: Schedule of Dates

SPV data is reported using the SPV reporting form. This form, along with detailed notes on compilation on how to compile the required information, is available below: