Gibraltar funds may now opt out of the AIFMD regulations so that they can be completely competitive with funds from the Channel Islands or the Caribbean jurisdictions. This is of course as a result of Brexit.
I am very proud to have worked on this important development in the funds industry along with my colleagues at GFIA, the Government of Gibraltar and the GFSC.
Gibraltar is now in the position to maintain its long established AIFMD compliant funds management regime (which has direct access to the United Kingdom) whilst also providing the option for certain EIFs to opt out, safely, of this regime when targeting global audiences. In addition, the new legislation (which consists of two sets of amending regulations) also enhances and strengthens the EIF legislation.