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ARTICLE · 09 JANUARY 2020

Important Changes To The Bermuda Investment Funds Act 2006

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The IFA Amendments are intended to further enhance Bermuda's regulatory framework, primarily in relation to categories of investment funds that previously did not require any registration or regulation in Bermuda.

BermudaFinance and Banking
Dawn Griffiths
Dawn Griffiths
Elizabeth Denman
Elizabeth Denman
Neil Henderson
Neil Henderson
William Cooper
William Cooper
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Following on our firm's 2019 alerts, industry will be aware of developments in relation to the Economic Substance Act 2018 with the Economic Substance Amendment (No. 2) Act 2019 and the Economic Substance Amendment (No.3) Regulations 2019 coming into force on 24 December 2019. At the same time, the Investment Funds Amendment Act 2019 ("IFA Amendments") was passed and became operative 1 January 2020, introducing several important changes to the Investment Funds Act 2006 (IFA). The IFA Amendments are intended to further enhance Bermuda's regulatory framework, primarily in relation to categories of investment funds that previously did not require any registration or regulation in Bermuda.

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