JERSEY: Commission Agrees AIFMD Cooperation Agreement with Austria

Monday July 22 2013

Further to the Press Releases issued by the Jersey Financial Services Commission (Commission) on 11 and 19 July 2013 regarding the Alternative Investment Fund Managers Directive (AIFMD) bilateral cooperation agreements, the Commission is pleased to announce, following direct negotiations with Austria’s Financial Market Authority (FMA), that an AIFMD bilateral cooperation agreement has now been agreed by the FMA.

The AIFMD bilateral cooperation agreement with Austria forms a significant part of the requirements pursuant to the AIFMD to enable Jersey alternative investment fund managers (AIFMs) to continue to market into Austria under national private placement rules.

Please see the above link for more details.