DMS Offshore Investment Services (DMS) has gained approval from the Central Bank of Ireland for its AIFM pass porting application to Luxembourg.
This approval will allow DMS to offer solutions that provide both European and non-European managers and investors continued access to the alternative investment fund market under the regulatory requirements of AIFMD.
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With this approval, the DMS AIF Platform will enable alternative fund managers to focus on their core investment strategies and marketing as well as provide its passport for distribution to investors in the entire EU market (including Switzerland).
Additionally, DMS will also expands its fund governance services by offering directors and money laundering reporting officers to the platform, as well as risk management services and reporting through DMS Risk Management Systems (DMS RMS).
Furthermore, DMS AIF Manager will deliver AIF services to Irish and Luxembourg domiciled AIFs.
The move comes after DMS has confirmed that its AIF Management Company has been approved by the Central of Bank of Ireland in January this year.
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By GlobalDataJeremy O’Sullivan, director of DMS Dublin, said:"Whilst the Luxembourg authorities (CSSF) have the right to request further details on the matters covered in our programme of operations, at this point the Irish AIFM is in a position to be appointed as an alternative investment fund manager to Luxembourg alternative investments funds. This includes our existing DMS Platform SICAV-SIF."
