Matthias Knab, Opalesque: The Swiss Financial Markets Supervisory Authority (FINMA) and the Gibraltar Financial Services Commission (FSC Gibraltar) have reached a Memorandum of Understanding (MoU) regarding mutual assistance in the supervision and oversight of managers of alternative investment funds.
In a press statement, FSC Gibraltar said the MoU expresses the willingness of both parties to cooperate with each other in the interest of fulfilling their respective regulatory mandates, particularly in the areas of investor protection, fostering market and financial integrity, and maintaining confidence and systemic stability.
The agreement also includes provisions to exchange information, cross-border onsite visits, and special rules on onward sharing of information in the E.U. internal market.
Gibraltar is a self-governing, self-financing U.K. Overseas Territory to which all E.U. treaties apply and where European law applies, except
for agriculture, fishery and VAT, which is not applied in Gibraltar.
Gibraltar’s main fund vehicle is the Experienced Investor Fund (EIF). The Experienced Investor Fund regulations came into force in 2005 in
Gibraltar. The Gibraltar EIF is said to be the fund vehicle with the fastest launch time in the E.U: if the fund has completed the required
documentation appropriately and met the requirements, the Financial Services Commission (FSC) would then reg...................... To view our full article Click here
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