The GFSC continues to enhance its relationship with regulators internationally, including through concluding MoUs, and is today pleased to announce that it has signed its most recent MoU with the U.S. SEC.
The GFSC has committed to ensuring that it is an effective and professional cross border regulator. This AIFMD MoU is significant for the GFSC, and supports the objective to ensure it is an accessible and efficient regulator, interacting easily with all stakeholders which include regulators in other jurisdictions.
The MoU supports strong consultation, cooperation and the exchange of information related to the supervision of AIFMD entities. In particular both regulators promise to work together to fulfil their respective regulatory obligations, particularly in the areas of investor protection, fostering market and financial integrity, and maintaining confidence and systemic stability.
GFSC CEO, Samantha Barrass, said: “We are very pleased to have signed this MoU with the U.S. SEC. MoUs demonstrate that two entities agree and commit to a relationship which includes open communication and strong assistance in taking forward regulatory responsibilities . The particular aim of this MoU is provide mutual assistance in the supervision and oversight of managers and advisers of alternative investments funds. We look forward to developing a close working relationship with the U.S. SEC”.
To read the MoU between the GFSC and the U.S. SEC, please click here.