Guernsey to introduce a registered fund sector

The changes introduce registered or exempt funds into the Guernsey product range. These will have a streamlined authorisation process, similar to the existing qualifying investor fund regime, which has a three-day regulatory approval period and no ongoing regulatory monitoring. Registered funds would need prior approval from the Guernsey Financial Services Commission and will apply to both open and closed ended products. Fund promoters or mangers coming to Guernsey will able to choose between regulated or unregulated vehicles depending on their investor needs, as long as they are distribut...