Sat, Oct 22, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Appleby updates on current state of co-operation agreements between the EU and third country regulators on AIFMD

Tuesday, June 04, 2013

Beverly Chandler, Opalesque London: Offshore financial services law firm, Appleby has published a note regarding the EU’s AIFMD legislation and the co-operation agreements with the regulators of third countries, outside of the EU.

With AIFMD due to be implemented across Europe by 22 July 2013, the European Securities and Markets Authority (ESMA) has already approved co-operation agreements between EU securities regulators (and authorities from Croatia, Iceland, Liechtenstein and Norway) and 34 of their global counterparts including:

  • Bermuda, where Appleby describes the co-operation agreement with the Bermuda Monetary Authority as an extremely good development for Bermuda, 'and shows the continued pro-activity of the Bermuda regulator and its willingness to engage the private sector in meeting the demands of industry'.

  • British Virgin Islands

  • Cayman Islands: here, Appleby writes: "In order that the Cayman Islands Monetary Authority has the necessary powers to meet its obligations under the co-operation agreements, The Monetary Authority Law of the Cayman Islands was amended by The Monetary Authority (Amendment) Law 2013, permitting the Cayman Islands Monetary Authority to enter into memoranda of understanding in relation to cross-border supervision; to allow overseas regulatory authorities to carry out on-site inspections; to apply to the Grand Court of the Cayman Islands for orders to ......................

    To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion