The EU Alternative Investment Fund Managers (AIFM) Directive has now been in force for over two months and funds and their advisers are coming to terms with the new regime in Jersey. Some interesting themes that have been noted in this quarter are as follows: The new alternative investment fund codes contain provisions regarding the […]

Under the Alternative Investment Fund Managers Directive (“AIFMD”), Alternative Investment Fund Managers (“AIFMs”) must functionally and hierarchically separate the function of risk management from portfolio management and other operating units. EU regulators must monitor this separation in accordance with the principle of proportionality. It is important for AIFMs, particularly in smaller groups, to understand how […]

COMMISSION SIGNS AIFMD COOPERATION AGREEMENTS The Jersey Financial Services Commission (the “Commission”) is pleased to announce that 25 AIFMD bilateral cooperation agreements have, to date, been signed with EU/EEA Member State supervisory authorities. The Commission has been liaising with the European Securities and Markets Authority, the party responsible, to date, for negotiating the AIFMD cooperation […]