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Gibraltar, Mauritius Sign AIFMD Cooperation Pact

by Jason Gorringe, Lowtax.net, London
11 August, 2014

The Gibraltar Financial Services Commission has signed a Memorandum of Understanding (MoU) with the Mauritius Financial Services Commission relating to the supervision of Alternative Investment Fund Managers Directive (AIFMD) funds.

The MoU sets out a framework for cooperation and the exchange of information related to AIFMD entities with the intention of creating a comprehensive and effective regulatory and supervisory framework for Alternative Investment Fund Managers (AIFMs).

The move is intended to enhance the transparency of the activities of these AIFMs and their funds for both investors and public authorities as well as more generally to improve oversight of the sector in the EU.

Clairette Ah-Hen, Chief Executive of FSC Mauritius, said: "FSC Mauritius looks forward to working with Gibraltar FSC. The signature of this MoU came to reaffirm FSC Mauritius's commitment to the highest standards of international engagement, information sharing, and will contribute in making Mauritius an attractive jurisdiction internationally for basing funds."

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