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."
The FSC's press release can be viewed here.
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