Monday July 22 2013

News Source: Fund Regulation

Focus: AIFMD

Type: General

Country: Cayman Islands




The Cayman Islands has now signed Memoranda of Understanding (MOUs) with 25 European countries, which will enable the continued marketing of Cayman Islands hedge funds throughout the European Union.

The MOUs are in relation to the Alternative Investment Funds Management Directive (AIFMD), which is to be implemented across Europe from 22 July, 2013. It will require that certain conditions be met before non-EU countries can market alternative investment funds – such as hedge funds – in the EU.

Other ESMA members which are still to sign agreements with the Cayman Islands are Austria, Germany, Italy, Slovenia and Spain.

Please see the above link for more details.