Sharon A. Beesley and Christopher Buchan have contributed an article to the December 2013 issue of Lawyer Monthly. The article is in a helpful question and answer format and covers challenges to the industry, legislative changes and issues that companies should be aware of in terms of investment funds.
The Investment Funds Amendment Act 2013 (Amendment Act), which amends the Investment Funds Act 2006 (IFA), was passed by the Bermuda Government on 3rd October 2013. The new measures introduced by the Amendment Act essentially enable funds which meet certain requirements to be exempt from the requirement of authorisation and supervision by the BMA under the IFA. The Amendment Act provisions are responsive to industry demands and will enhance the attraction of Bermuda as the domicile of choice for fund managers.
As of 26 August, 2013, our new location is 5th Floor Andrew’s Place, 51 Church Street, Hamilton, HM 12, Bermuda. Our telephone, fax and e-mail details remain the same.