Provincial regulators ink agreement with Gibraltar

The Ontario Securities Commission, the Autorité des marchés financiers, the Alberta Securities Commission and the British Columbia Securities Commission (BCSC) on Thursday announced they have signed a co-operation agreement with the Gibraltar Financial Services Commission, enabling cross-border oversight of alternative fund managers, such as hedge fund managers.

The purpose of the agreement is to “facilitate consultation, co-operation and the exchange of information” for supervising hedge funds and other alternative managers that operate in both Gibraltar, a British Overseas Territory on Spain;s south coast and one of the four provinces, the regulators say in an announcement.