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The BVI Financial Services Commission (FSC) has announced a Memorandum of Understanding (MoU) with Gibraltar in relation to the supervision of managers of alternative investment funds (AIFMs).
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The BVI Financial Services Commission
(FSC) has announced a Memorandum of
Understanding (MoU) with Gibraltar in
relation to the supervision of managers of alternative investment
funds (AIFMs).
The MoU provides for the exchange of information between the two
authorities on matters relating to the supervision and oversight of
AIFMs, their delegates and depositaries that operate in both
jurisdictions.
The FSC has signed 27 MoUs in relation to the Alternative
Investment Fund Managers Directive.
In its announcement the FSC stated: "The MoU clearly
outlines the scope of cooperation and how information will be
exchanged between the regulators and details how requests for
assistance will be executed, how the information can be used,
confidentiality, further sharing of information and provisions for
cross-border on-site visits."
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