Recent Events Affecting the Bermuda Funds Industry and Upcoming Filings

Whether you are looking to set up a new fund vehicle, want to promote an overseas investment fund in Bermuda or have existing closed- or openended structures, here’s what you need to know.

  1. Effective 18 February 2020, Bermuda was upgraded to European Union’s (EU) ‘cooperative jurisdiction’ status
  2. Closed-ended funds are now in scope and must register with BMA – transition period ends 30 June 2020
  3. Overseas investment funds managed or promoted in or from within Bermuda must register with BMA – transition period ends 30 June 2020
  4. Fund Rules now apply to all authorised and registered funds
  5. Upcoming filing deadlines

 

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