The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.   Citi’s Depositary Services is ready to assist fund managers in their compliance with the new responsibilities demanded under the AIFMD.

The European Securities and Markets Authority (ESMA) has approved seven co-operation arrangements between EU securities regulators and their global counterparts with responsibility for the supervision of alternative investment funds, including hedge funds, private equity and real estate funds.   ESMA’s board of supervisors, at its July meeting, approved memoranda of

Jersey Finance has welcomed the announcement from the Jersey Financial Services Commission (JFSC) that 25 bilateral agreements have been signed in respect of the Alternative Investment Fund Managers Directive (AIFMD), another key step in meeting the requirements of the Directive.   Jersey’s strategy, which is to offer flexibility within its

The Cayman Islands has now signed memoranda of understanding (MOUs) with 25 European countries, which will enable the continued marketing of Cayman Islands hedge funds throughout the European Union. Cindy Scotland, managing director of the Cayman Islands Monetary Authority (CIMA), has signed the MOUs on behalf of the Authority. On