Sponsored Investment Entity. A Financial Institution described in subparagraph B.1. of this section having a sponsoring entity that complies with the requirements of subparagraph B.2. of this section.
1. A Financial Institution is a sponsored investment entity if (a) it is an Investment Entity established in Guernsey; and (b) an Entity has agreed with the Financial Institution to act as a sponsoring entity for the Financial Institution;
2. The sponsoring entity is authorised to act on behalf of the Financial Institution (such as fund manager, trustee, corporate director, or managing partner) and complies with the following requirements:
a) The sponsoring entity is a Guernsey Financial Institution;
b) The sponsoring entity performs, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Guernsey Financial Institution;
c) The sponsoring entity identifies the Financial Institution in all reporting completed on the Financial Institution’s behalf; and
d) The sponsoring entity has notified the Guernsey Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Guernsey Competent Authority.
Sponsored Investment Entity. A Financial Institution described in subparagraph
B.1. of this section having a sponsoring entity that complies with the requirements of subparagraph B.2. of this section.
1. A Financial Institution is a sponsored investment entity if (a) it is an Investment Entity established in Jersey; and (b) an Entity has agreed with the Financial Institution to act as a sponsoring entity for the Financial Institution;
2. The sponsoring entity is authorised to act on behalf of the Financial Institution (such as fund manager, trustee, corporate director, or managing partner) and complies with the following requirements:
a) The sponsoring entity is a Jersey Financial Institution;
b) The sponsoring entity performs, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Jersey Financial Institution;
c) The sponsoring entity identifies the Financial Institution in all reporting completed on the Financial Institution’s behalf; and
d) The sponsoring entity has notified the Jersey Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Jersey Competent Authority.
Sponsored Investment Entity. A Financial Institution described in subparagraph B.1. of this section having a sponsoring entity that complies with the requirements of subparagraph B.2. of this section.
1. A Financial Institution is a sponsored investment entity if (a) it is an Investment Entity established in Gibraltar; and (b) an Entity has agreed with the Financial Institution to act as a sponsoring entity for the Financial Institution;
2. The sponsoring entity is authorised to act on behalf of the Financial Institution (such as fund manager, trustee, corporate director, or managing partner) and complies with the following requirements:
a) The sponsoring entity is a Gibraltar Financial Institution;
b) The sponsoring entity performs, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Gibraltar Financial Institution;
c) The sponsoring entity identifies the Financial Institution in all reporting completed on the Financial Institution’s behalf; and
d) The sponsoring entity has notified the Gibraltar Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Gibraltar Competent Authority.
Sponsored Investment Entity. A Financial Institution described in subparagraph
B.1 of this section having a sponsoring entity that complies with the requirements of subparagraph B.2. of this section.
1. A Financial Institution is a sponsored investment entity if (a) it is an Investment Entity established in British Virgin Islands; and (b) an Entity has agreed with the Financial Institution to act as a sponsoring entity for the Financial Institution;
2. The sponsoring entity is authorised to act on behalf of the Financial Institution (such as fund manager, trustee, a licensed registered agent, corporate director, or managing partner) and complies with the following requirements:
a) The sponsoring entity is a British Virgin Islands Financial Institution;
b) The sponsoring entity performs, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting British Virgin Islands Financial Institution;
c) The sponsoring entity identifies the Financial Institution in all reporting completed on the Financial Institution’s behalf; and
d) The sponsoring entity has notified the British Virgin Islands Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the British Virgin Islands Competent Authority.
Sponsored Investment Entity. A Financial Institution described in subparagraph B.1. of this section having a sponsoring entity that complies with the requirements of subparagraph B.2. of this section.
1. A Financial Institution is a sponsored investment entity if (a) it is an Investment Entity established in the Turks and Caicos Islands; and (b) an Entity has agreed with the Financial Institution to act as a sponsoring entity for the Financial Institution;
2. The sponsoring entity is authorised to act on behalf of the Financial Institution (such as fund manager, trustee, corporate director, or managing partner) and complies with the following requirements:
a) The sponsoring entity is a Turks and Caicos Islands Financial Institution;
b) The sponsoring entity performs, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Turks and Caicos Islands Financial Institution;
c) The sponsoring entity identifies the Financial Institution in all reporting completed on the Financial Institution’s behalf; and
d) The sponsoring entity has notified the Turks and Caicos Islands Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Turks and Caicos Islands Competent Authority.
