The Investment Business Act 2003 (the “Act”) is the statutory basis for regulating investment business in Bermuda. The Act provides for a licensing regime for any person or entity (unless otherwise exempted or excluded) engaging in investment business, as defined by the Act, either in or from Bermuda.
The Investment Funds Act 2006 (the “Act”) provides the statutory basis for regulating funds in Bermuda. The Act deals with the establishment, operation and regulation of mutual funds, unit trusts and partnership funds.
The Investment Funds Act 2006 also provides for the licensing and supervision of fund administrators.