PRESS RELEASE 19 JULY 2013
COMMISSION SIGNS AIFMD COOPERATION AGREEMENT WITH GERMANY
Further to the Press Release issued by the Jersey Financial Services Commission (the "Commission") on 11 July 2013 regarding the Alternative Investment Fund Managers Directive ("AIFMD") bilateral cooperation agreements, the Commission is pleased to announce, following direct negotiations with BaFin, that an AIFMD bilateral cooperation agreement has now been agreed and signed by the German supervisory authority.
The AIFMD bilateral cooperation agreement with Germany forms a significant part of the requirements pursuant to the AIFMD to enable Jersey AIFMs (alternative investment fund managers) to continue to market into Germany under national private placement rules until July 2015.
With a view to agreeing the last few remaining AIFMD bilateral cooperation agreements, direct negotiations continue with the five EU/EEA Member States' supervisory authorities.
The 26 AIFMD bilateral cooperation agreements signed, to date, are between the Commission and the supervisory authorities of the following EU/EEA Member States:
The Commission will issue further press releases on cooperation agreements as and when appropriate.
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For further information please contact: -
|David Porter - Lead Adviser, AIFMD
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822018