Regulation Of Investment Funds

Investment Fund Regulation and Libyan Central Bank Governor's Resolution No. (17) of 2013 on the Formation of an Investment Fund Control Committee.

Clyde & Co reports the publication of the Investment Fund Regulation and its complementary Resolution No. 17 of 2013, from the Governor of the Libyan Central Bank.

This new Regulation aims at encouraging and organising the formation of new Investment Funds in Libya. It outlines the criteria necessary for offering investment instruments, the management of funds, protection of the fund owners' rights and the need for transparency and disclosure relating to the Funds.

The Regulation outlines:

1. The requirements to be fulfilled in order to create an Investment Fund.