Quick guide to new Private Investment Fund Rules
Introduction The Guernsey Financial Services Commission (GFSC) has added two new ways to register a private investment fund (PIF) in Guernsey. A public consultation process showed that there was strong support for a PIF model without the attached Protection of Investors (POI) Law 1987 manager, allowing the industry more flexibility while maintaining protection for investors. Accordingly, on 20 April 2021 the GFSC published The Private Investment Fund Rules and Guidance 2021 (the revised rules). The revised rules take effect immediately and replace The Private Investment Fund Rules 2016. Unlik...