CFCL General information - Gibraltar

CFCL eligible fund types

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).

Operational arrangements

This section describes the operational arrangements of the Gibraltar market: