Who needs to register? All directors of Covered Entities, where Covered Entities are defined as regulated funds and SIBL Excluded Person investment managers. It does not matter where in the world the directors are based. However, Trustees and directors of General Partners to Covered Entities do not need to register.
Who needs to be licensed? Professional directors and corporate directors. Professional directors are people who are acting as a director on 20 or more Covered Entities. There are a couple of exemptions from the need to be licensed which are if you are a director, employee, member, officer, partner or shareholder of (i) either a CIMA licensed management company or fund administrator or (ii) fund manager of a CIMA regulated fund where the fund manager is registered or licensed by an overseas regulatory body which is listed within the Law.
Who needs to register? All directors of Covered Entities, where Covered Entities are defined as regulated funds and SIBL Excluded Person investment managers. It does not matter where in the world the directors are based. However, Trustees and directors of General Partners to Covered Entities do not need to register.
Who needs to be licensed? Professional directors and corporate directors. Professional directors are people who are acting as a director on 20 or more Covered Entities. There are a couple of exemptions from the need to be licensed which are if you are a director, employee, member, officer, partner or shareholder of (i) either a CIMA licensed management company or fund administrator or (ii) fund manager of a CIMA regulated fund where the fund manager is registered or licensed by an overseas regulatory body which is listed within the Law.