Parallel regimes to handle investment fund directive
Friday 9th November 2012, 11:00AM GMT.
GUERNSEY is planning to have two parallel regulatory regimes for investment funds to best meet the needs of clients when the EU’s Alternative Investment Fund Managers Directive comes into force.
The regime will be fully AIFMD-compliant while maintaining existing regulations for those investors and managers not requiring an AIFMD fund.
‘In being able to offer both EU and non-EU solutions from one location, Guernsey will be ideally placed to serve the global fund industry,’ said Neale Jehan, chairman of the technical committee of the Guernsey Investment Fund Association, pictured.
Guernsey Finance said that the decision had been announced now to provide clarity for the funds industry.