Following approval of the Protection of Investors (Bailiwick of Guernsey) (Amendment) Law, 2007 (“POI Amendment Law”) by the States of Guernsey at its meeting in December 2007, the Investment Business Division has been working on draft rules to take account of the changes to be brought in by the POI Amendment Law. At the date of this consultation document it is anticipated that the POI Amendment Law will come into effect later in 2008.
The Authorised Closed-Ended Investment Schemes Rules 200 are the first set of the draft rules to be issued for consultation and codify the current notifications required for Closed-ended funds.
Please provide any comments on these rules to [email protected] by close of business on 19 September 2008.
Director of Investment Business