TCI has recently passed legislation which requires many types of mutual funds which are carrying on business in or from within the islands to be licensed.

• The grant of licences is ultimately dependent upon satisfying the Financial Services Commission on application that the applicant has access to the requisite experience and expertise and is in all other respects a suitable candidate for a licence. 

• Finbar F. Dempsey & Company can advise in relation to regulatory concerns and identify the types of mutual fund activity which fall outside the licensing requirements.

• Locating an umbrella fund or fund management company in a no-tax jurisdiction such as TCI can be an extremely attractive and lucrative option for international money managers. 
  

• It is hoped that the recently introduced regulatory legislation will increase investor confidence in relation to TCI registered or licensed mutual funds and that this in turn will encourage further developments and expansion in this area.

• Finbar F. Dempsey & Company is well placed to advise clients on the application process and related costs and considerations.

• Should you require professional assistance with a mutual fund licensing application from a firm with relevant experience, we trust that you will not hesitate to contact us.