The Guernsey Financial Services Commission (the
Commission) has added two new ways to register a
Private Investment Fund (PIF) in Guernsey. A
public consultation process showed that there was strong support
for a PIF model without the attached Protection of Investors Law,
1987 (POI Law) manager, allowing the industry more
flexibility while maintaining protection for investors.
Accordingly, on 20 April 2021 the Commission published The
Private Investment Fund Rules and Guidance 2021 (the
Revised Rules). The Revised Rules take effect
immediately and replace The Private Investment Fund Rules,
2016.
Unlike the traditional way of registering a PIF (now known as
Route One registration), the two additional routes do not require
the PIF to have a manager licenced under the POI Law.
