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2 weeks ago | 
mondaq.com | Matthew Brehaut |Andrew Boyce
The Guernsey Financial Services Commission (the"GFSC") has issued an update to thePrivate Investment Fund ("PIF")rules. The Private Investment Fund Rules and Guidance, 2025 (the"2025 PIF Rules") are theresult of extensive engagement between the GFSC and industry, andmark a dramatic shift from the current rules, opening up PIFs to awider range of investors and removing some previous regulatoryrequirements.
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2 months ago | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
This chapter provides the latest information on alternativeinvestment funds and retail funds in Guernsey; including fundformation, restrictions on investors, the regulatory environment,operational requirements, the fund finance market, and theapplicable tax regime. Guernsey is frequently used by advisers and managers globallyfor the formation/domiciling of investment funds. Guernsey is oneof the world's largest offshore finance centres, with athriving funds industry.
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Jul 24, 2024 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
The introduction of new listing rules to boost demand
for listing activity in the UK is expected to directly benefit
Guernsey as the leading domicile of choice for non-UK companies
listing on the London Stock Exchange.
The UK's Financial Conduct Authority
("FCA") has announced new rules for
listings on the London Stock Exchange
("LSE"), which come into effect from 29
July 2024.
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May 9, 2024 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
Private Investment funds are one of the three types of Guernsey
fund
1.
The Protection of Investors (Bailiwick of Guernsey) Law, 2020
(the "POI Law") grants the Guernsey Financial Services
Commission (the "GFSC") the ability to develop different
classes of funds and determine the rules applicable to such
classes.
Private investment funds ("PIFs") are subject to The
Private Investment Fund Rules and Guidance, 2021 (the "PIF
Rules").
PIFs can be open-ended or closed-ended.
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May 1, 2024 | 
lexology.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut |Tom Carey |David Crosland | +2 more
Private Investment funds are one of the three types of Guernsey funds[1]. The Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “POI Law”) grants the Guernsey Financial Services Commission (the “GFSC”) the ability to develop different classes of funds and determine the rules applicable to such classes. Private investment funds (“PIFs”) are subject to The Private Investment Fund Rules and Guidance, 2021 (the “PIF Rules”). PIFs can be open-ended or closed-ended.
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Apr 18, 2024 | 
lexology.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Tom Carey |David Crosland |Tony Lane | +2 more
Registered funds are one of the three types of Guernsey funds[1]. The Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “POI Law”) grants the Guernsey Financial Services Commission (the “GFSC”) the ability to develop different classes of funds and determine the rules applicable to such classes. Registered funds are subject to:The Registered Collective Investment Schemes Rules 2021 (the “RCIS Rules”);Registered funds can be open- ended or closed-ended.
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Mar 4, 2024 | 
mondaq.com | Matthew Brehaut
A recent article in the Financial Times (Private equity turns to new fundraising tactics in
tough market, 21 February 2024) highlights a growing trend we
have been seeing for some time: bespoke structures set up for
single asset (deal-by-deal) acquisitions.
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Jan 10, 2024 | 
mondaq.com | Matthew Brehaut
Continuation funds have grown significantly in recent years as
an alternative to traditional closed-ended fund exit options,
driven by ongoing difficulties in the IPO market and M&A
activity.
Guernsey provides an ideal domicile for continuation funds, with
proportionate, principle-based regulation, and a neutral tax
environment, facilitating quick-to-market establishments and
competitive ongoing costs.
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Jan 10, 2024 | 
mondaq.com | Annette Alexander |Christopher Anderson |Andrew Boyce |Matthew Brehaut
AIFMD 2 will bring significant changes to certain aspects of
AIFMD 1. The implications for Guernsey fund managers relate
primarily to reporting obligations in respect of Guernsey funds
marketed into the EU.
We consider that Guernsey remains an ideal jurisdiction from
which to access EU investors (perhaps even more so following AIFMD
2).
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Jan 2, 2024 | 
lexology.com | Matthew Brehaut
Continuation funds have grown significantly in recent years as an alternative to traditional closed-ended fund exit options, driven by ongoing difficulties in the IPO market and M&A activity. Guernsey provides an ideal domicile for continuation funds, with proportionate, principle-based regulation, and a neutral tax environment, facilitating quick-to-market establishments and competitive ongoing costs. What is a continuation fund?
