Investment

The Guernsey Financial Services Commission is today announcing a more streamlined and simplified Private Investment Fund (PIF) regime, creating an innovative, marketable and flexible fund structure for a wide spectrum of private capital investment strategies. The updated PIF brings together what were routes one and two into a single, streamlined private fund regime, whilst retaining the Family PIF...

The Guernsey Financial Services Commission has today issued a consultation paper seeking views on a proposed revised set of rules and guidance, which would be made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the POI Law”), and which are intended to update and improve upon the current Prospectus Rules and Guidance, 2021. This consultation paper forms part of a programme of...

The Commission has today issued Unclaimed Investor Money Guidance under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. Taking forward proposals consulted upon earlier in the year, the new guidance addresses the need for funds to have a policy for unclaimed investor money, to identify a responsible entity for overseeing this policy and to make appropriate disclosure to investors...

The Guernsey Financial Services Commission has today issued the Regulated Investment Exchange Operator Rules and Guidance, 2024 (the “RIEO Rules”), made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “POI Law”). These rules will come into operation on 31 January 2025. This follows the public consultation in respect of the RIEO Rules, which closed on 12 November 2024. The...

The Commission has today issued an amended version of its Explanatory Note regarding the surrender of the authorisation or registration of collective investment schemes. The amendments reflect feedback received from industry and practical experience of implementation over the one-year period since the publication of the original Explanatory Note and provide for a more flexible approach to the...

Following publication by the Royal Court, on 21 November 2024, we are making available the judgment of Lieutenant-Bailiff Hazel Marshall KC in the case of Nicholas Walton Hofgren and the Guernsey Financial Services Commission. The Commission welcomes the judgment which dismisses Mr Hofgren’s grounds of appeal. We intend to issue a public statement on this matter in due course.

On 30 July 2024, the Commission issued a Discussion Paper on the Future of Sustainability Reporting in the Bailiwick of Guernsey. The consultation period ran for approximately 12 weeks and closed on 25 October 2024. The Commission is very pleased to have received a material number of responses from a broad range of stakeholders including licensees, industry representative bodies and other on and...

The Guernsey Financial Services Commission was pleased to host the plenary meeting of the International Organisation of Securities Commission’s (IOSCO) European Regional Committee (ERC) in Guernsey today (Wednesday 18 September 2024). More than 55 people attended the committee meeting, with the committee having more than 50 member jurisdictions. During the meeting, ERC members addressed and shared...