Investment

Third Quarter 2016 Investment Funds The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 September 2016 by £2 billion (0.9%) to £249.4 billion. For the year since 30 September 2015, total net asset values increased by £24.6 billion (10.9%) . Open-ended Funds Within these totals Guernsey domiciled open-ended funds increased...

Announcement Strategy of the Investment Supervisory and Policy Division in respect of the Fund Sector During 2016 the Guernsey Financial Services Commission launched the Manager Led Product and the Private Investment Fund. This marked an intent by the Commission to respond to international challenges, servicing its mission statement of “Confidence in the Bailiwick: Securing good regulatory...

The Guernsey Financial Services Commission has today issued FAQs on its Private Investment Funds regime and an updated Form PIF, which permits applicants to indicate which regulated activities it wishes to apply for. The updated form can be found here.

The Commission is today issuing a consultation paper on revisions to the Licensee (Conduct of Business) Rules Responses to the consultation which can be found via this link are sought by close of business on 29 December 2016.

The Private Investment Fund Summary The Guernsey Financial Services Commission is today launching its regime for Private Investment Funds. This concludes its evaluation of the responses to the consultation process. The Commission is very grateful to all who responded and will be writing in due course to all who did so. The Applications Process The duration of the applications process would be one...

The Guernsey Financial Services Commission is consulting on proposals to introduce a regime for private investment funds. Background This consultation is the evolution of discussions held by the Investment Supervision and Policy Division and industry, commencing with the Manager-Led Product. These discussions acknowledged a gap in the current suite of investment products within the Bailiwick...

Investment Audited Financial Statements (Funds) – Return Form 143 Investment Audited Financial Statements (Non-Guernsey Schemes) Return 143 should be completed by all licensees for whom it appears on their Online Submissions Timeline. Online Submission Form 200 should be used by licensees responsible for submitting Non-Guernsey Scheme accounts to the Commission until such time as a dedicated...

The Commission wishes to remind all financial services and prescribed businesses, together with personal fiduciary licence holders, that the Financial Crime Risk Return is due for submission by 31 October 2016. The Return can be found through the Commission’s Online Submissions Portal, located here: https://submit.gfsc.gg/ Further information on the background to the Return, as well as guidance on...

Further to the Commission’s news release of 25 July 2016, the Commission would like to advise that Return 141a has now been released to the relevant licensees' timelines for the submission of Q3 statistical returns. Should a licensee wish to make use of a multi-scheme Designated Manager Quarterly Return, it may do so by completing the Form 141b spreadsheet which can be found here. Guidance Notes...