Several developments have been underway within the Bermuda investment fund sector, including a number of legislative innovations and lobbying activities.
The stated commitment of the Bermuda Government and industry partners to be responsive to market demand, innovative in product delivery and nimble in introducing legislative amendments is evidenced in the recent enhancements made to the Bermuda fund product.
In this edition, we feature an introduction to the Bermuda Limited Liability Companies Act, 2016, the Alternative Investment Fund Managers Directive and the new Contracts (Rights of Third Parties) Act, 2016, as well as requirements for Grandfathered Exempted Funds.
Government, business partners and legal professionals continue to promote the Bermuda investment funds sector through events both on and off the Island. This has included the Alternative Investment Summit and the Global Fund Forum, which took place in October. These efforts support the marketability of Bermuda fund vehicles on a global stage.
We look forward to bringing you key market updates and event highlights, through our Investment Funds Update.
To continue reading full articles in PDF format:
Bermuda Investment Funds Update – December 2016