BVP Investments Limited

BACKGROUND The Firm was authorised under the Investment Intermediaries Act, 1995 (the IIA) on 15 November 2007. Under its IIA authorisation, the Firm is authorised to provide services to ‘’Designated Investment Funds’’. The Firm is explicitly not permitted by the Central Bank to hold client assets. BVP is a Low Impact firm under the Central Bank’s Probability Risk and Impact System of supervision (PRISM). BVP’s audited accounts for year ended 31 December 2018 show a turnover of €745,490. The Firm’s primary activities relate to the promotion and administration of funds for investments under Revenue’s Employment and Investment Incentives Scheme (EII). Prior to the establishment of the EII scheme in 2011, the Firm undertook the same activity for investments under Revenue’s Business Expansion Scheme (BES), which has since been phased out. Both EII and BES are tax relief incentive schemes, which allow investors to claim tax relief for investments in certain qualifying companies. The Firm raises and manages funds under Part 16 of the Taxes Consolidation Act, 1997 (as amended), which allows for designated investment funds (the Designated Funds) to invest in qualifying companies on behalf of eligible investors. The Firm has, since authorisation, acted as the administrator and investment manager for 12 Designated Funds. There are three steps in the life cycle of the Designated Funds operated by the Firm: 1.