Regulatory Alerts2010-01-01
Collective Investment Schemes (Legacy Schemes) Regulations 2010
The Financial Supervision Commission issued these regulations under the Collective Investment Schemes Act 2008 to regulate legacy investment structures. The rules prohibit the establishment of new professional investor funds and international schemes effective from 1 May 2010. Additionally, the regulations update the prescribed jurisdictions list for international schemes to include Guernsey, Ireland, Jersey, Luxembourg, and the United Kingdom.
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