AI Summary of Schedule 2C Irish Real Estate Funds: Declarations
This Schedule outlines the declarations required for various pension schemes and financial entities under section 739K. Each declaration must be made in writing to the IREF, signed by the relevant declarer, and include specific details such as the entity's name, address, and Tax Identification Number (TIN). Additionally, the declarations must confirm the nature of the units held and provide certifications related to their status as specified persons.
It is crucial for the declarer to provide assurances regarding timely notification to the IREF if the circumstances change, along with any supporting documentation as deemed necessary by the Revenue Commissioners. These requirements ensure compliance with regulatory standards and facilitate transparency within the financial and pension sectors.
Schedule 2C Irish Real Estate Funds: Declarations
Sections 739B, 739K and 739U.
Interpretation
1. In this Schedule -
"appropriate person", in relation to a pension scheme, means -
(a) in the case of an exempt approved scheme (within the meaning of section 774), the administrator (within the meaning of section 770) of the scheme,
(b) in the case of a retirement annuity contract to which section 784 or 785 applies, the person lawfully carrying on in the State the business of granting annuities on human life with whom the contract is made, and
(c) in the case of a trust scheme to which section 784 or 785 applies, the trustees of the trust scheme;
"IREF declaration", in relation to a person means the declaration that that person would be required to make under section 739K and Schedule 2C.
Declaration of pension scheme
2. The declaration referred to in section 739K, in respect of a pension scheme referred to in paragraph (a) or (f) of the definition of "specified person", is a declaration in writing to the IREF which -