Gibraltar signs AIFMD memorandum with Hong Kong

Signing dealThe Gibraltar Financial Services Commission (GFSC) has signed memorandums of understanding with regulators in Hong Kong relating to European alternative funds.

The memorandums signed with the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) concern consultation, cooperation and the exchange of information related to the funds under the Alternative Investment Fund Managers Directive (AIFMD).

Samantha Barrass, chief executive of the GFSC, says, “Signing the AIFMD [memorandums] with the two Hong Kong regulators is an important development for us. It supports open, strong cooperation with the SFC and the HKMA in our regulation of AIFMD establishments, and is a very useful tool for us as a regulator”.

A marketing delegation from Gibraltar’s financial sector recently visited Hong Kong led by the Minister for Financial Services, Albert Isola.

The minister says: “Our marketing trip to Hong Kong was a very successful visit. We had a strong group of professionals from Gibraltar’s financial services sector provide a very good case for us as a safe and secure jurisdiction with which to do business”.

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