CALLING FUND MANAGERS: get recognised in the AIFC!

We’re extending our discussion on the recognition process within the AIFC. The possibility to obtain recognition for your home jurisdiction license from the AIFC regulator is not limited to brokers (Recognised Non-AIFC Member) alone. It is open to licensed investment exchanges and clearing houses (Recognised Non-AIFC Market Institution), as well as Foreign Fund Managers.

For Foreign Fund Managers, recognition provides an opportunity to establish and manage funds within the AIFC. It’s important to mention that these funds require an appointed Fund Administrator and Eligible Custodian, with qualified investors as the sole clients.

To apply for the recognition process of Foreign Fund Manager, companies have to provide certain documents to meet the regulatory requirements, including the application forms, copy of current regulatory license, and a Letter of good standing from the home regulator. Companies are also required to conduct regulatory gap analysis to ensure that requirements imposed by home regulator match those imposed by the AIFC Regulator.

For a detailed dive into the process, check out https://lnkd.in/eMiyJgvF