Guernsey well placed on AIFMD
Monday 24th December 2012, 11:00AM GMT.
GUERNSEY is already well on the way to introducing a funds regime compliant with the EU’s proposed Alternative Investment Fund Managers Directive (AIFMD).
Final Level Two rules for the detailed implementation of AIFMD were published last week, but the island is already drafting new regulations to comply. It is hoped that they will be in place from July next year, the deadline for the AIFMD rules to be transposed into local law.
Guernsey will offer two parallel regulatory regimes for investment funds as the way to best meet client needs for the future. The approach will be fully AIFMD-compliant, while maintaining existing regulations for investors and managers not requiring an AIFMD fund.
‘Guernsey is very well positioned regarding AIFMD,’ said Fiona Le Poidevin, chief executive of Guernsey Finance, pictured.