The article discusses the implementation and implications of the Financial Services (Collective Investment Schemes) Ordinance in Gibraltar, which encompasses the UCITS Management Directive and UCITS Product Directive (UCITS II and III) while regulating the promotion, establishment, and operation of all collective investment schemes in Gibraltar.
The legislation outlines various categories for these schemes, such as authorised schemes, recognised schemes, private schemes, and experienced investor funds, each with its own regulatory requirements and conditions. This comprehensive framework positions Gibraltar as an offshore jurisdiction capable of accommodating a wide range of collective investment schemes, including UCITS schemes with EU passporting rights, lightly regulated private funds, and experienced investor funds.
Read the article: Gibraltar – Europe’s growning fund location of choice
(Article first published in Fondswerte Magazin, 2006.)
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