|Under the UK’s arrangements with the CDs and OTs, there is no International sponsorship for UK Financial Institutions.
However, under UK regulations there is no restriction on where the person undertaking the reporting is located. An investment manager is still able to undertake the reporting on behalf of UK fund wherever they are located (Cayman, Jersey, Switzerland, Argentina, etc.).
The difference between this and the US sponsorship regime is that the investment manager must report in the name of the fund and to the authority where the fund is located (so to HMRC for a UK fund), rather than in their own name and to the authority where the manager is located. The investment manager may still undertake all of the reporting, the only differences being the name in which the report is submitted and the jurisdiction that report is made to.