Assessing Lender Risk In Fund Finance Markets 2024 (GLI Chapter)

The 2025 Private Investment Fund Rules introduced by the Guernsey Financial Services Commission represent a significant regulatory shift, expanding eligible investor categories while removing previous requirements for managers and auditors. This comprehensive guide examines the streamlined application process, investor qualification criteria, and structural flexibility that position Guernsey PIFs as a competitive quick-to-market fund option for sophisticated investors and family offices.

The Guernsey Financial Services Commission has introduced significant regulatory reforms to strengthen the island's position as a leading digital finance centre, including new guidance on asset tokenisation and streamlined licensing requirements. These changes aim to reduce complexity while maintaining robust regulatory standards, with further stablecoin regulations expected in autumn 2026.

The Guernsey Financial Services Commission has introduced regulatory amendments that will enable licensed firms to offer virtual asset services without requiring separate licensing, while also lifting restrictions on retail customer access. These changes, part of the Commission's Digital Finance Initiative, aim to reduce regulatory duplication and position Guernsey as a competitive jurisdiction for digital financial innovation.

Guernsey's investment funds market continues to evolve with significant regulatory enhancements, including updates to the GFSC's Innovation Sandbox and the launch of the Fund Foundry programme designed to support emerging fund managers. The jurisdiction is also positioning itself as a hub for defence technology funds while maintaining its commitment to regulatory excellence and market innovation.

Brandon Ashplant speaks with Kate Solway, Managing Director at Hedosophia, about the firm's approach to managing investment vehicles from Guernsey and the strategic advantages of their "Lux sleeve" structure. The discussion examines how speed, efficiency, and operational flexibility are reshaping fund management decisions in the private capital space.

The Guernsey Financial Services Commission has published its 2025 Annual Report and Financial Statements, highlighting a year of regulatory delivery, policy reform and investment in technology...

Offshore law firm Carey Olsen has advised specialist financial services private equity fund AnaCap Financial Partners on the close of its third Guernsey flagship fund, AnaCap Financial Partners III, LP.

Guernsey advances its position as a leading international finance centre through the expansion of its Innovation Sandbox and the introduction of a Finance Sector Concierge service. These initiatives aim to streamline regulatory engagement for innovative businesses and provide a coordinated entry point for prospective investors and entrepreneurs exploring opportunities in Guernsey's finance sector.

The second annual NAVigate conference explored how NAV finance is evolving beyond its traditional boundaries, examining the convergence of NAV lending with asset-backed lending and structured finance solutions. Against a backdrop of challenging fundraising conditions and ongoing liquidity pressures, market participants discussed how different financing technologies and capital sources can be combined to serve a broader range of funds, assets and portfolio-management objectives throughout a fund's lifecycle.

Guernsey's regulatory framework is evolving to accommodate tokenisation of funds and real-world assets through distributed ledger technology. Recent policy developments from the Guernsey Financial Services Commission signal a shift toward enabling tokenised structures within existing regulatory frameworks while maintaining investor protection and legal certainty.

Briefing Summary:This document summarises certain key aspects of Guernsey taxation law for the calendar years 2025 and 2026.

The Cayman Islands investment funds sector continues to evolve with significant regulatory updates affecting reporting requirements and the introduction of a new framework for tokenised funds. Key changes include modifications to Common Reporting Standards and Economic Substance filing procedures, alongside the implementation of legislation enabling digital token representation of fund interests.

The Cayman Islands has introduced significant regulatory developments for digital assets, including a dedicated framework for tokenised funds, enhanced AML and sanctions rules, and strengthened market conduct requirements for virtual asset service providers. These changes provide greater regulatory certainty while reinforcing the jurisdiction's position as a leading hub for digital assets and fintech innovation.

The British Virgin Islands is advancing its position in the digital assets space through the implementation of CRS 2.0 and progress towards CARF, while single-asset, closed-ended vehicles are gaining traction for tokenised funds and blockchain projects. These regulatory developments and structural innovations are reshaping how crypto assets and real world asset tokenisation projects can be efficiently structured in this jurisdiction.

The Population Management Law, 2016 is to come into force on 3 April 2017.

The British Virgin Islands investment funds sector demonstrates continued resilience with sustained growth in Approved Funds and Private Investment Funds, while the Approved Investment Manager regime maintains strong momentum with 1,337 active managers as of Q1 2026.

Jeremy Garrood, a Partner in Carey Olsen's Dispute resolution team appeared in the Royal Court of Jersey on Friday 26 January 2018 instructed by the UK Official Receiver to apply for the appointment of Jersey liquidators ...

New CIMA Rules effective September 2026 will transform anti-money laundering and sanctions compliance for Cayman Islands investment funds, elevating previous guidance to directly enforceable requirements. Fund governing bodies face enhanced responsibilities including mandatory annual AML training, independent audit requirements, and stricter AMLCO independence standards. Understanding these practical implications and preparing appropriate compliance frameworks will be essential for funds and their service p

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.

The Population Management (Guernsey) Law, 2016 (the Law) requires everyone who lives and/or works in Guernsey (and who is aged 16 or over...