Updates to the Guernsey Green Fund Rules will
provide assurance to investors and those thinking of making green
investments that funds which make use of the Accreditation are
investing in projects that comply with the criteria for green
investments set out by multi-lateral development banks.
The Guernsey Financial Services Commission has
amended the rules, following feedback gathered during a thematic
review of the Guernsey Green Fund Regime earlier this year.
The regulator has also updated the rules to extend the frequency
of monitoring for closed-ended funds from a monthly to a quarterly
basis.
The rules require a Guernsey Green Fund's designated
administrator to monitor the Guernsey Green Fund against the
notified green criteria and investment criteria and are designed to
reduce the administrative burden on designated administrators while
maintaining the integrity of the Guernsey Green Fund regime and
investors' confidence in it.
