1 Regulatory Framework
1.1 What legislation governs the establishment and operation of
Alternative Investment Funds?
The establishment and operation of investment funds in Bermuda
("investment funds" or "funds") is governed
by:
- the Companies Act 1981 (the
"Companies Act");
- the Investment Funds Act 2006 (the
"IFA");
- the Fund Prospectus Rules 2007 (the
"Fund Prospectus Rules"); and
- the Fund Rules 2007 (collectively
with the Fund Prospectus Rules, the "Fund Rules").
The Bermuda Monetary Authority (the "BMA") is the
principal body responsible for the regulation of investment funds,
including those listed on the Bermuda Stock Exchange.
Investment funds in Bermuda may be structured and organised
under Bermuda law in the following ways:
