The Gibraltar Financial Services Commission (GFSC) are pleased to announce that a Memorandum of Understanding (MoU) has been signed with the Cayman Islands Monetary Authority (CIMA), for the consultation, cooperation and exchange of information regarding firms under the Alternative Investment Fund Managers Directive (AIFMD).

Samantha Barrass, CEO of the GFSC, said: “The GFSC enjoys a close working relationship with CIMA, and the signing of this MoU represents a commitment to further communication and regulatory cooperation. This AIFMD MoU facilitates information exchange and experience sharing, important processes that will enhance our capabilities as supervisors of AIFMD entities”.

Albert Isola, Minister responsible for Financial Services, commented: “Entering into this MoU with CIMA highlights the steps that are being taken to enhance communication between the supervisors of two leading International Finance Centres. Increased communication between regulators is key to providing effective consumer protection”.