Securities Commission enters 28th AIFMD MoU with German Regulator


The Securities Commission of The Bahamas (the Commission) announced today that it entered a Memorandum of Understanding (MOU) under the Alternative Investment Fund Managers Directive
(AIFMD) with BaFin, the German Federal Financial Supervisory Authority. Chairman of the Commission, Mr. Robert V. Lotmore, said “Cooperation with other securities regulators remains a strategic priority for the Commission. It is a critical aspect of good securities
regulation, particularly for international financial centers, and the Commission intends to continue to demonstrate regional leadership in this area.”

AIFMD MoUs allow Bahamas based alternative investment fund managers (AIFMs) to market or to perform fund management activities for alternative investment funds (AIFs) in markets supervised by co‐signatory European securities regulators. Similarly, they allow European based fund managers to manage or market Bahamas based AIFs in markets where the European regulator has entered into an
AIFMD MoU with the Commission. “The Commission is very pleased to have entered the MOU with BaFin,” Ms. Christina Rolle, Executive
Director of the Commission said. “We continue to pursue an AIFMD MoU with Italy’s securities regulator, which is the last of the currently eligible European regulators under the AIFMD regime remaining to finalize negotiations with.”The bilateral cooperation agreement with BaFin came into force on 15 February 2019. Prior to entering the agreement, the Commission had entered into AIFMD MOUs with counterpart securities regulatory authorities in the following jurisdictions:
Austria Hungary Portugal
Belgium Iceland Romania
Bulgaria Ireland Slovak Republic
Cyprus Latvia Spain
Czech Republic Liechtenstein Sweden
Denmark Lithuania The Netherlands
Estonia Luxembourg United Kingdom
Finland Malta
France Norway
Greece Poland
The objective of AIFMD, a directive of the European Parliament and Council, is to create a comprehensive regulatory framework for AIFMs either operating from the European Union or marketing AIFs there. AIFs include hedge funds, private equity funds, real estate funds and other types of institutional funds.

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