The Gibraltar Financial Services Commission (GSFC) has signed MoUs with both the SFC and HKMA regarding consultation, cooperation and the exchange of information related to the supervision of AIFMD entities.
CEO of the GFSC, Samantha Barrass, says: “Signing the AIFMD MoUs with the two Hong Kong regulators is an important development for us. It supports open, strong cooperation with the SFC and the HKMA in our regulation of AIFMD establishments, and is a very useful tool for us as a regulator”.
These are very welcome agreements for the GFSC, especially following the recent marketing initiative to Hong Kong by a Gibraltar delegation from the financial sector which was led by Minister for Financial Services, Albert Isola.
Minister Isola says: “Our marketing trip to Hong Kong was a very successful visit. We had a strong group of professionals from Gibraltar’s financial services sector provide a very good case for us as a safe and secure jurisdiction with which to do business.
“The Hong Kong visit included presentations and discussions for professionals, offering an interesting and productive insight in to one another’s financial markets, and offered the potential for our jurisdiction to gain new business.
“The two AIFMD MoUs enhance Gibraltar’s relationship with Hong Kong, which we hope will strengthen and develop going forward”.
