Investment funds Country Q&A tool

Search the Country Q&A in the Investment Funds Global Guide by question and jurisdiction.

Step 1: Check the boxes to select the questions and the jurisdictions for comparison.
Step 2: Click the "submit" button.
Step 3: Scroll down to view answers and check law stated dates for each jurisdiction.

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Retail funds

1. What is the structure of the retail funds market? What have been the main trends over the last year?
 

Regulatory framework and bodies

2. What are the key statutes, regulations and rules that govern retail funds? Which regulatory bodies regulate retail funds?
 
3. Do retail funds themselves have to be authorised or licensed?
 

Marketing

4. Who can market retail funds?
 
5. To whom can retail funds be marketed?
 

Managers and operators

6. What are the key requirements that apply to managers or operators of retail funds?
 

Assets portfolio

7. Who holds the portfolio of assets? What regulations are in place for its protection?
 

Legal fund vehicles

8. What are the main legal vehicles used to set up a retail fund and what are the key advantages and disadvantages of using these structures?
 

Investment and borrowing restrictions

9. What are the investment and borrowing restrictions on retail funds?
 
10. Can the manager or operator place any restrictions on the issue and redemption of interests in retail funds?
 
11. Are there any restrictions on the rights of participants in retail funds to transfer or assign their interests to third parties?
 

Reporting requirements

12. What are the general periodic reporting requirements for retail funds?
 

Tax treatment

13. What is the tax treatment for retail funds?
 

Quasi-retail funds

14. Is there a market for quasi-retail funds in your jurisdiction?
 

Reform

15. What proposals (if any) are there for the reform of retail fund regulation?
 

Hedge funds

16. What is the structure of the hedge funds market? What have been the main trends over the last year?
 

Regulatory framework and bodies

17. What are the key statutes and regulations that govern hedge funds in your jurisdiction? Which regulatory bodies regulate hedge funds?
 
18. How are hedge funds regulated (if at all) to ensure compliance with general international standards of good practice?
 

Marketing

19. Who can market hedge funds?
 
20. To whom can hedge funds be marketed?
 

Investment restrictions

21. Are there any restrictions on local investors investing in a hedge fund?
 

Assets portfolio

22. Who holds the portfolio of assets? What regulations are in place for its protection?
 

Requirements

23. What are the key disclosure or filing requirements (if any) that must be completed by the hedge fund?
 
24. What are the key requirements that apply to managers or operators of hedge funds?
 

Legal fund vehicles and structures

25. What are the main legal vehicles used to set up a hedge fund and what are the key advantages and disadvantages of using these structures?
 

Tax treatment

26. What is the tax treatment for hedge funds?
 

Restrictions

27. Can participants redeem their interest? Are there any restrictions on the right of participants to transfer their interests to third parties?
 

Reform

28. What (if any) proposals are there for the reform of hedge fund regulation?
 
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