Alternative Investment Fund Managers Directive

General Overview

The Alternative Investment Fund Managers Directive 2011/61/EU ("AIFMD") was transposed in Gibraltar legislation via the Financial Services (Investment and Fiduciary Services) Act (the Act) and the Financial Services (Alternative Investment Fund Managers) Regulations 2013 (the Regulations).

Alternative Investment Fund Managers (AIFM) can passport services into another EEA State either by marketing an Alternative Investment Fund (AIF) or by establishing a branch to manage an AIF.

Any AIFM authorised under the Act wishing to market or manage an AIF in another EEA state should notify the GFSC using the forms available in this section.



Application fee(s) must be submitted with the notification form(s). Notifications will be considered incomplete if the fee has not been paid and and will not be processed until the fee is received.

The fees apply to notifications from

  1. an AIFM passporting its services as a manager to funds in other jurisdictions; and
  2. an AIFM passporting the fund that it manages into other jurisdictions

The annual fee is not payable until your notification is approved.

  Application Fee Annual Fee
Services £100* £100 per jurisdiction, subject to a maximum of £500
Branches £1,500** £1,000 per jurisdiction, subject to a maximum of £5,000

*The fees are per country and per notification.
**The fees are per branch.

Details of the payment methods can be requested from the Accounts Team.

Please note that host states may also levy their own fees. These will be requested directly from you by the host state regulator when they receive the notification.

Service Level Standards

The timescales for processing a notification are prescribed by the AIFMD. We recommend that you take note of these to ensure that you plan for your business needs in advance.

These are:

  Freedom to provide Services under article 32 (Marketing) Freedom to provide Services under Article 32 (Managing) Freedom of Establishment/Branch under Article 33 (Managing)
Since Date of receipt by the GFSC 20 working days 20 working days 1 month

When can I start providing services?

You may start conducting activities in the host state from the date we confirm that the notification has been forwarded to the host state regulator.