Guernsey Consults On New AIFM Regime
by Jason Gorringe, Lowtax.net, London
04 May, 2016
The Guernsey Financial Services Commission has launched a consultation paper on proposals to target regulation at the managers of Alternative Investment Funds.
The proposal, being termed the "Manager Led Product," is intended to ensure a proportionate risk-based level of product regulation that would be imposed on any Alternative Investment Fund Manager (AIFM) that establishes itself in Guernsey and seeks to market into Europe under the National Private Placement Regime arrangements.
The introduction of the Manager Led Product would place the regulations on the AIFM only. The consultation paper describes the Commission's regulatory proposals for the regime in greater detail.
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