The investment sector in Guernsey provides a broad range of services including stock broking, investment advice and management, promotion, fund management, fund administration and custody of assets to an international clientele.
Collective investment funds, both open and closed-end, have been an important feature of the investment sector for many years. All Guernsey domiciled funds have to be authorised by, or registered with, the Commission, and all must be administered by a Guernsey-licensed administrator; open-ended funds must also have a Guernsey-licensed custodian. In addition, the sector provides services, particularly administration, to a wide range of investment funds domiciled in other jurisdictions. Promoters of Guernsey funds include leading institutions from numerous international financial centres; the Investment, Fiduciary and Pension Division encourages new promoters to consult with them on policy and practice regarding fund proposals.
Other investment firms here provide independent advice, private client and institutional stock broking, and non-fund portfolio management.
For any proposed investment business, the Commission applies the minimum criteria for licensing set out in schedule 4 to the POI Law.