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PRESS RELEASE 22 JULY 2013

COMMISSION AGREES AIFMD COOPERATION AGREEMENT WITH AUSTRIA

Further to the Press Releases issued by the Jersey Financial Services Commission (the "Commission") on 11 and 19 July 2013 regarding the Alternative Investment Fund Managers Directive ("AIFMD") bilateral cooperation agreements, the Commission is pleased to announce, following direct negotiations with Austria’s Financial Market Authority ("FMA"), that an AIFMD bilateral cooperation agreement has now been agreed by the FMA.

The AIFMD bilateral cooperation agreement with Austria forms a significant part of the requirements pursuant to the AIFMD to enable Jersey alternative investment fund managers ("AIFMs") to continue to market into Austria under national private placement rules.

With a view to agreeing the last few remaining AIFMD bilateral cooperation agreements, direct negotiations continue with four EU/EEA Member States’ supervisory authorities.

The 27 AIFMD bilateral cooperation agreements:

Austria Germany Malta
Belgium Greece Netherlands
Bulgaria Hungary Norway
Cyprus Iceland Poland
Czech Republic Ireland Portugal
Denmark Latvia Romania
Estonia Liechtenstein Slovakia
Finland Lithuania Sweden
France Luxembourg United Kingdom

The Commission will issue further press releases on cooperation agreements as and when appropriate.

- Ends -

For further information please contact: -

David Porter - Lead Adviser, AIFMD
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822018
Email: d.porter@jerseyfsc.org

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