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ARTICLE · 08 JULY 2022

Private Fund Regimes In Guernsey And Jersey - A Comparison

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

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Over recent years both Guernsey and Jersey have updated their respective private fund regimes, both of which have generated significant interest from fund promoters who are looking to launch...

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Over recent years both Guernsey and Jersey have updated their respective private fund regimes, both of which have generated significant interest from fund promoters who are looking to launch new funds in the Channel Islands. We have summarised the key features of the regimes below. To download a PDF of the comparison click  here.

GUERNSEY PRIVATE INVESTMENT FUNDS (PIFs)

The Guernsey Financial Services Commission (GFSC) introduced the Private Investment Fund Rules 2016 (PIF Rules) which created a new class of private fund under the Protection of Investors (Bailiwick ofGuernsey) Law, 1987 (as amended) (POI Law). PIFs are targeted atmanagers with a relatively small investor base who are looking for amoreflexible regime.If the fund meets the requirements of the PIF Rules itcanberegisteredwithoutanyManagerorthefundneedingto go through the usual approval process under the POI Law, and withsignificantly reduced ongoing obligations for both any Manager andthe fund. The

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