Walkers Group

GRAND CAYMAN, Cayman Islands, November 15, 2010 - Walkers, the leading international financial centre law firm, welcomes the confirmation of the final terms of the Alternative Investment Fund Managers Directive ("The Directive") and the removal of uncertainty for non-European Union (EU) fund managers marketing non-EU funds in the European Union, as a very positive development for the investment funds industry in the Cayman Islands, British Virgin Islands (BVI) and Jersey.