By International Adviser, 17 Dec 14
The Gibraltar Financial Services Commission (FSC Gibraltar) and the Swiss Financial Markets Supervisory Authority (FINMA) have reached an agreement ensuring the mutual oversight of cross border alternative investment fund managers.
The Gibraltar Financial Services Commission (FSC Gibraltar) and the Swiss Financial Markets Supervisory Authority (FINMA) have reached an agreement ensuring the mutual oversight of cross border alternative investment fund managers.
The Memorandum of Understanding also ensures the assisted management of delegates and depositaries related to the funds and is expected to focus on investor protection and market integrity.
The development follows an increase in the globalisation of the world’s financial markets and the activity of cross-border operations.
Tags: Guernsey | Switzerland
