ARTICLE · 21 NOVEMBER 1996
Class 'A' Schemes
GuernseyAntitrust/Competition Law
(Investment Business Update Special November 1996)
Because of Guernsey's Designated Territory status, which was granted in 1988, Guernsey Class A schemes are recognised by the UK's Securities and Investments Board and, thus, are able to be marketed to the public in the UK. The types of Class A schemes included under the Designation Order are securities schemes, money market funds, fund of funds and umbrella funds.
In addition to the UK, there are six other countries in which the Class A funds may be marketed to the public and these are: Hong Kong, Japan, The Netherlands, The Republic of Ireland, Switzerland and, most recently, Australia. The reason for this marketing capability is that the Commission successfully negotiated agreements with each respective authority in response to local fund managers' marketing requirements.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
