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ARTICLE · 24 JUNE 2020

A Practical Comparison Between Two Of Guernsey's Most Flexible Regulated Fund Products

This table provides a practical comparison between two of Guernsey's most flexible regulated fund products - the registered collective investment scheme and the Private Investment Fund (PIF).

GuernseyFinance and Banking

This table provides a practical comparison between two of Guernsey's most flexible regulated fund products - the registered collective investment scheme and the Private Investment Fund (PIF).

 

Registered collective investment scheme (Registered Scheme)

Private Investment Fund (PIF)

Overview

Fast-track registration option whereby the Designated Administrator (as defined below) scrutinises the scheme and promoter in place of the Guernsey Financial Services Commission (the Commission) and takes responsibility for ongoing monitoring of the scheme.

The registration is granted on the basis of suitability representations made by the Designated Administrator to the Commission (achieving an efficient application process).

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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