Statement re:AIFMD

RNS Number : 9069M

Polar Capital Global Financials Tst

21 July 2014

 



Polar Capital Global Financials Trust Plc

NOTICE OF ENTRY INTO ARRANGEMENTS TO ENSURE COMPLIANCE WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")

21 July 2014

The Board of Polar Capital Global Financials Trust plc (the "Company") is pleased to announce that the Company has entered into the arrangements necessary to ensure compliance with the AIFMD.

The Board has approved the appointment of Polar Capital LLP as the Company's alternative investment fund manager (the "AIFM"). The Company's existing investment management agreement has not been amended other than to reflect the regulatory requirements to enable the Company to comply with the AIFMD.

The Board has appointed HSBC Bank plc, the current custodian, to act as the Company's depositary (as required by the AIFMD) on the terms of and subject to the conditions of a depositary agreement between the Company, the AIFM and HSBC Bank plc.

For further information please contact:

Neil Taylor

Polar Capital Secretarial Services Limited

020 7227 2700

 

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