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Guernsey Investment Funds - AIFMD Update

June 2013 - Finance. Legal Developments by Ogier .

More articles by this firm.

ESMA approves cooperation arrangements with Guernsey

We reported in our December 2012 briefing that, with the release of the AIFMD Level
2 Regulations, we were optimistic that eligible Third Countries (such as Guernsey)
would be able to continue to market their funds to professional investors within the
EU after July 2013.

Since then, we have been closely monitoring developments on AIFMD and have
advised a number of clients how to prepare their businesses to best to meet the
challenges under the Directive. This update looks at:

● How Guernsey is getting ready for business after July
● Letter box entity risk
● Transitional provisions
● Marketing