The Commission invites comments on this consultation paper and seeks feedback on the proposed introduction of the Manager Led Product. This consultation arises from discussions held by the Investment Supervision and Policy Division with government and stakeholders over the course of the first quarter of 2016.
This proposal endeavours 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 the Bailiwick of 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 proposed regime in greater detail.
Comments should reach the Commission by 29 April 2016, close of business. Comments should be emailed to [email protected]
Please click here for the Consultation Paper.