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ARTICLE · 01 AUGUST 2025

Guernsey's New Prospectus Rules Unveiled

Carey Olsen
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The Guernsey Financial Services Commission's Prospectus Rules and Guidance, 2025, effective from 1 July 2025, deliver broader exemptions and provide greater clarity on certain issues.

GuernseyFinance and Banking
Annette Alexander
Annette Alexander
Christopher Anderson
Christopher Anderson
Andrew Boyce
Andrew Boyce
Matthew Brehaut
Matthew Brehaut
Tom Carey
Tom Carey
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David Crosland
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Rachel De La Haye
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Tony Lane
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Ben Morgan
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The Guernsey Financial Services Commission's Prospectus Rules and Guidance, 2025, effective from 1 July 2025, deliver broader exemptions and provide greater clarity on certain issues.

Following a consultation with industry participants earlier this year, the Guernsey Financial Services Commission ("GFSC") issued updated Prospectus Rules and Guidance, 2025 (the "New Prospectus Rules") pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the "POI Law"). The New Prospectus Rules updated and replaced the Prospectus Rules and Guidance, 2021 (the "2021 Rules"), with effect from 1 July 2025.

Guernsey's prospectus rules regulate the issuance of a prospectus in relation to general securities and derivatives and registered collective investment schemes ("RCISs"). The rules do not apply to Private Investment Funds (PIFs) under Guernsey's Private Investment Fund Rules and Guidance, 2025 (the "PIF Rules", which were updated in May 2025).

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