Bahamas Signs New AIFMD MoUs
The Bahamas Securities Commission has signed Memoranda of Understanding (MoUs) with the securities regulators of Cyprus, Austria, and Spain, to open up market access for fund managers under the European Union Alternative Investment Fund Managers Directive (EU AIFMD).
The deals brings the total number of AIFMD MoUs the Commission has executed to 27, including deals with non-EU member states Iceland, Norway, and Liechtenstein. The agreements allow Bahamas-based Alternative Investment Fund Managers (AIFMs) to manage and market alternative investment funds (AIFs) in European markets supervised by co-signatory regulators (that is, to all but three EU member states and Switzerland).
The MoUs also allow Europe-based fund managers to manage and market Bahamas-based AIFs in co-signatory countries.
The AIMFD has established a new framework for the regulation of the managers of hedge funds, private equity funds, and real estate funds in the European Economic Area. The Bahamas Securities Commission is continuing to seek additional MoUs with the remaining countries.
Source: LowTax – Bahamas Signs New AIFMD MoUs
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