# Fund Administrator Licence (Part III, Investment Funds Act 2006) (Bermuda)

Source page: https://protegra.io/licensing/licences/fund-manager/bermuda/

The Fund Administrator Licence (Part III, Investment Funds Act 2006) is issued by Bermuda Monetary Authority (BMA) under Investment Funds Act 2006. It covers managing alternative investment funds, managing UCITS funds and portfolio management. It is valid in Bermuda only; each other market needs its own authorisation. Ownership changes need the regulator's approval before completion.

## At a glance

| Official name | Fund Administrator Licence (Part III, Investment Funds Act 2006) [1] |
| --- | --- |
| Issued by | [Bermuda Monetary Authority](https://protegra.io/licensing/regulators/bma-bermuda/) |
| Jurisdiction | [Bermuda](https://protegra.io/licensing/jurisdictions/bermuda/) |
| Licence family | [Fund manager](https://protegra.io/licensing/licences/fund-manager/) |
| Legal basis | Investment Funds Act 2006 [2] |
| Passporting | Domestic only |

## What it lets you do

- [Managing alternative investment funds](https://protegra.io/licensing/activities/aif-management/)
- [Managing UCITS funds](https://protegra.io/licensing/activities/ucits-management/)
- [Portfolio management](https://protegra.io/licensing/activities/portfolio-management/)

- **Managing alternative investment funds.** Performing portfolio management and risk management for funds that are not UCITS, such as hedge, private equity and real estate funds.
- **Managing UCITS funds.** Managing undertakings for collective investment in transferable securities, the EU's retail fund format.
- **Portfolio management.** Managing client portfolios that include financial instruments on a discretionary, client-by-client basis.

## Where it is valid

_Valid in Bermuda._

## Buying a company that already holds it

**Prior notification with an objection period.** Anyone intending to become a 10% (or majority) shareholder controller of a BMA-licensed undertaking, including a digital asset business, must first give the Authority written notice; the acquisition can proceed once the BMA confirms no objection, or once a statutory review period elapses without a written objection. Bermuda's regime also recognises a majority-controller threshold as a second trigger point. [3]

## Sources

1. [bma.bm: fund administration licensing](https://www.bma.bm/fund-administration-licensing): retrieved 2026-09-24
2. [cdn.bma.bm: 2023 12 05 15 25 13 Investment Funds Act 2006 (PDF)](https://cdn.bma.bm/documents/2023-12-05-15-25-13-Investment-Funds-Act-2006.pdf): retrieved 2026-09-24
3. [charltonsquantum.com: bermuda digital assets regulation](https://charltonsquantum.com/bermuda-digital-assets-regulation/): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.