The Bermuda Monetary Authority has signed cooperation agreements with the majority of European Union (EU) Member States in relation to the Alternative Investment Funds Managers Directive (AIFMD).
These cooperation agreements are a key element in effective supervision of non-EU alternative investment funds managers (AIFMs) under the AIFMD, and are a pre-condition in allowing non-EU AIFMs access to EU markets or to perform fund management activities on behalf of EU managers.
The Authority’s ongoing work on this initiative also involves a legislative review of our regime and appropriate adaptations in relation to the oversight of Bermuda-based investment managers. This work will ensure that investment managers may fully participate in European markets from Bermuda and reinforces our position as a competitive jurisdiction for the global funds sector.
Listed below are the EU states that signed the AIFMD MOU:
|Financial Services and Markets Authority
|Financial Supervision Commission
|Cyprus Securities and Exchange Commission
|Czech National Bank
|Estonian Financial Supervision Authority
|Autorite des marches financiers
|Federal Financial Supervisory Authority (BaFin)
|Hellenic Capital Market Commission
|Penzugyi Szervezetek Allami Fellugyelete
|Central Bank of Ireland
|Finansu un kapitala tirgus komisija
|Bank of Lithuania
|Commission de Survellance du Sector Financier
|Malta Financial Services Authority
|Polish Financial Supervision Authority
|Comissao do Mercado de Valores Mobiliarios
|Romanian Financial Supervisory Authority
|Narodna banka Slovenska
|Autoriteit Financiele Markten
|Financial Conduct Authority