The Guernsey Financial Services Commission (GFSC) has introduced an opt-in AIFMD equivalent regime for those fund managers which need to comply with European Union’s AIFMD rules.
Guernsey, which is not part of the European Union, is considered as a third country for the purposes of AIFMD and hence will not be immediately directly impacted by the new regulation.
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GFSC CEO, Fiona Le Poidevin, said, "The introduction of the opt-in regime means that we have another piece of the jigsaw in place to ensure that Guernsey funds can continue to be distributed to both EU and non-EU countries in the future."
"Our dual regime provides clients with real options in structuring their investment funds so that they can best meet commercial objectives as well as investor demands, and industry practitioners are reporting a growing number of enquiries from those who are wishing to take advantage of the solutions Guernsey can provide," Le Poidevin added.
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