Investment Fund Market Guide – Gibraltar

13.06.2022

Key features (Register market)

Yes/No

Remarks

Settlement free of payment

Yes

Settlement against payment

Yes

Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.

Disclosure Requirements

Yes

Refer to Disclosure Requirements – Investment Funds – Gibraltar.

Restrictions on customer

Yes

Refer to Holding Restrictions – Investment Funds – Gibraltar.

Restrictions on settlement

No

 


Remarks

Market type / link type (Settlement link)

Register market

Eligible fund types in CBL

Register market: Mutual funds (UCITS and non UCITS retail schemes) in the form of a company limited by shares, common funds, unit trusts, investment companies and open-ended investment companies. Private Equity Funds (private fund or experienced investor funds (EIF) in the form of limited company, a protected cell company or a limited partnership.) Hedge funds (private funds or EIFs) in the form of limited companies, protected cell companies, limited partnerships, limited liability partnerships, common contractual funds and unit trusts.  

CSD link: n/a

Eligible fund / legal form in CBL

Register market

The legal forms for investment funds in Gibraltar are limited companies, protected cell companies, limited partnerships, limited liability partnerships, common contractual funds and unit trusts.

  • Mutual funds, in the form of UCITS and non-UCITS retail schemes (Gibraltar transposed Directive 2009/65/EC):
    • Mutual funds (UCITS retail schemes) structured in the form of common funds, unit trusts and investment companies.  
    • Mutual Funds (non-UCITS retail schemes) structured in the form of common funds or open-ended investment companies
  • Private Equity Funds can take the form of either a private fund or EIF (Financial Services Act 2019 (“Act”) and EIF Regulations) EIF can take the form of either a limited company, a protected cell company or a limited partnership.
  • Hedge funds can be set up as private funds or EIFs and can take any legal forms (save for private funds which cannot be established as a protected cell company) (Financial Services Act 2019 (“Act”) and EIF Regulations)