Daily Investment Funds Return (DIFR)

The Daily Investment Funds Return (“DIFR”) applies to every Irish-resident non-money market investment fund (all trading frequencies including ad-hoc) that issues its own shares/units/interests, has a non-zero net asset value and is authorised by the Central Bank of Ireland. Money market funds are out of scope for this return and continue to report the Daily Money Market Fund Return. DIFR replaces trigger-based liquidity reporting.

DIFR excludes umbrella, or similar, funds that only provide services to sub-funds and do not issue any shares/units of their own.

Funds report for every investor flow and any day that dealing in shares/units/interests is available. 

The go live date for Phase 1 was 12 December, 2024. Phase 2 will go live on 18 August, 2025.

Templates

Current reporting template:

Reporting template (Phase 2): 

Developer template (Phase 2): 

Guidance notes

These guidance notes set out reporting requirements for each field: