Decision on AIFMD passport should be made by June 30


The Cayman Islands Monetary Authority (CIMA) has said it is confident the European Securities and Markets Authority (ESMA) would complete its assessment of a second wave of nations for inclusion into the AIFMD passport system by June 30.

The Cayman Islands has been told to expect a decision on its inclusion in the EU’s AIFMD (Alternative Investment Fund Managers Directive) Passport scheme by June, which, if granted, would secure future access to European investors for funds either managed or registered in Cayman.

The European Commission publically asked the European Securities and Markets Authority (ESMA) to complete the assessment of the second wave of six non-EU jurisdictions, which includes Cayman, by 30 June 2016.

The Cayman Islands Monetary Authority, CIMA, AIFMD passport, ESMA, European Commission, Cayman, Europe

Cayman Funds