AIFMD update — British Virgin Islands

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The Financial Services Commission of the British Virgin Islands (BVI) has announced that it has entered into co-operation arrangements with the securities regulators of 25 European countries. This is welcome news as it means BVI funds can continue to be marketed to professional investors in these countries under national private placement regimes after 22 July 2013 — the date the European Alternative Investment Fund Managers Directive (AIFMD) is transposed into national laws of EU member states…

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