AIFM directive shows benefit of cooperation
Wednesday 22nd December 2010, 2:29PM GMT.
SUCCESSFUL lobbying by Guernsey and Jersey on changes to European funds industry legislation shows what can be achieved by working together on key issues, it has been claimed.
Robert Kirkby, the former technical director of Jersey Finance and now advisory director at KPMG in Jersey, has praised the two islands for their lobbying efforts in Europe in connection with the recent alternative investment fund managers directive.
He told a funds industry audience at a recent Jersey seminar that it was partly because of those efforts that the Channel Islands would be able to continue to market funds in Europe for at least seven more years and to do so without any changes to the rules governing activity.
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