Tuesday October 20 2015
News Source: Fund Regulation
Focus: AIFMD
Type: General
Country: Gibraltar
The Gibraltar Financial Services Commission (GFSC) has signed a Memorandum of Understanding (MoU) with both the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA).
The MoU concerns the mutual assistance in the supervision and oversight of Managers of alternative investment funds, its delegates and depositaries that operate on a cross-border basis in their respective jurisdictions. The Authorities of both jurisdictions have expressed their willingness to cooperate with each other in the interest of fulfilling their respective regulatory mandates, particularly in the areas of investor protection, fostering market and financial integrity, and maintaining confidence and systemic stability.
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