Guernsey set for legislative shake-up

Professional Adviser
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Moves to dramatically change the legislation and regulation relating to investment and fund business...

Moves to dramatically change the legislation and regulation relating to investment and fund business in Guernsey have been welcomed by GuernseyFinance. The proposed changes include the introduction of a prospectus law covering the disclosure requirements for Guernsey investment funds and other local entities that are raising capital through the offering of securities, the placing of greater emphasis on the regulation of licensed service providers rather than individual investment funds and a new funds law to cover both open and closed-ended investment funds. Categorisation of funds into ...

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