GUERNSEY’s revitalised funds industry will come under the microscope at a masterclass in London shortly.

It comes as the island has in recent months made several legislative changes related to the business and introduced a new set of fund rules.

The main result is that both Guernsey open and closed-ended funds can be established as authorised or registered funds.

Authorised funds are regulated by the Guernsey Financial Services Commission and are subject to its continuing supervision.

Registered funds, although regulated by the GFSC, are not authorised and are subject to separate rules.

The masterclass will look at these changes in more detail and explore the implications for fund promoters.

The event is entitled ‘Guernsey’s new fund regime under the microscope – an exceptional regime for exceptional times’ and will take place on Thursday 5 March at the America Square Conference Centre in London.

‘This masterclass will provide a very timely update on our new fund regime to promoters in London – a centre that remains the principal introducer of business to Guernsey,’ said GuernseyFinance chief executive Peter Niven (pictured).