Gibraltar has become the latest offshore centre to allow the establishment of funds for professional...
Gibraltar has become the latest offshore centre to allow the establishment of funds for professional investors which have less onerous registration requirements than retail funds. Legislation was passed on 5 August to enable Experienced Investor Funds (EIF) to be set up under the Financial Services (Experienced Investor Funds) Regulations, 2005. These regulations mean Gibraltar has followed such centres as the Isle of Man and more recently Jersey and Guernsey. The legislation effectively divides the types of licensing requirements on funds that may be incorporated in Gibraltar into thre...
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