Jul 15 - EU Alternative Investment Fund Managers Directive Transposed into Gibraltar Law

Written by YGTV Team on 15 July 2013.

In one of his primary moves as Minister with responsibility for Financial Services, Albert Isola has signed regulations transposing the EU Alternative Investment Fund Managers Directive (AIFMD) into Gibraltar Law. The legislation is set to commence on the 22^nd July.

Commenting on the move, Mr. Isola noted that the legislation provides Gibraltar with an excellent opportunity and competitive advantage, which should provide for further growth in this key area of Gibraltar financial services industry.

 He added, ‘I am also very pleased to recognise and record my grateful thanks to my predecessor Gilbert Licudi who has been instrumental in our achieving this important milestone and whose drive and determination ensured that we met the transposition deadlines, working with the drafting team, FSC and the Funds Industry representatives.’