Gibraltar And US Regulators Sign MoU
by Jason Gorringe, Lowtax.net, London
08 February, 2017
Gibraltar's financial services regulator, the Gibraltar Financial Services Commission, recently signed a Memorandum of Understanding (MoU) with the US Securities and Exchange Commission relating to the supervision of entities within the asset management industry.
The MoU supports collaboration, cooperation, and the exchange of information related to the supervision of managers and advisers of alternative investments funds. In particular, both regulators promise to work together to fulfil their respective regulatory obligations, particularly in the areas of investor protection, fostering market and financial integrity, and maintaining confidence and systemic stability.
Commenting on the signing of the MoU, Samantha Barrass, CEO of the Commission, said: "We are very pleased to have signed this MoU with the US SEC. MoUs demonstrate that two entities agree and commit to a relationship, which includes open communication and strong assistance in taking forward regulatory responsibilities. The particular aim of this MoU is provide mutual assistance in the supervision and oversight of managers and advisers of alternative investments funds. We look forward to developing a close working relationship with the US SEC."
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