Page 71 - Annual Report 2019

68 ANNUAL REPORT 2019 POLICY AND ENFORCEMENT

The Alternative Investment Alternative Investment Fund Managers
Fund Managers Directive Memoranda of Understanding
The Regulatory Authority maintains 23 Memoranda An updated AIFMD MoU was signed with the UK and will
of Understanding (MoU) with securities regulators become effective once the UK formally leaves the EU.
in the European Union. The MoUs were coordinated
by the European Securities and Markets Authority,
and reflect its review of the QFC’s legislative and
supervisory framework and its approval of the
Regulatory Authority as an MoU counterparty. United Financial Conduct UK Alternative Investment
29/03/2019 AIFMD MoU
Kingdom Authority Fund Managers regime
The signatories to the MoUs with the Regulatory
Authority include the securities regulators in Austria,
Bulgaria, Cyprus, Denmark, Estonia, Finland, France,
Greece, Iceland, Ireland, Latvia, Liechtenstein, Lithuania,
Luxembourg, Malta, Netherlands, Norway, Poland,
Portugal, Romania, Slovak Republic, Sweden and
the United Kingdom.