Gibraltar Financial Services Commission (FSC Gibraltar) and The Swiss Financial Markets Supervisory Authority (FINMA) have just reached a Memorandum of Understanding (MoU) to assist managers of alternative investment funds (AIFs).

The MoU covers mutual assistance in the supervision and oversight of AIF managers, their delegates and depositaries that operate on a cross-border basis in the two jurisdictions.

This development comes in light of the increasing globalisation of the world‘s financial markets and the upsurge in cross-border operations and activities of Managers of alternative investment funds. 

Through this MoU, the authorities are expressing their willingness to cooperate in the interest of fulfilling their respective regulatory mandates, particularly in the areas of investor protection, fostering market and financial integrity, and maintaining confidence and systemic stability.