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ARTICLE · 22 APRIL 2021

Guernsey Expands Private Investment Funds Regime

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The Guernsey Financial Services Commission ("GFSC") has updated its Private Investment Fund ("PIF") regime to expand the available PIF product options.

GuernseyFinance and Banking
Matt Sanders
Matt Sanders
Kate Storey
Kate Storey
Chris Hutley-Hurst
Chris Hutley-Hurst
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The Guernsey Financial Services Commission ("GFSC") has updated its Private Investment Fund ("PIF") regime to expand the available PIF product options.

The Private Investment Fund Rules, 2021 (the "PIF Rules 2021") were issued on 20 April 2021 together with guidance, and replace with immediate effect the prior Private Investment Fund Rules, 2016.

Three alternate PIF routes

Under the new PIF Rules 2021, there are now three alternate routes available for PIFs in Guernsey:

  • Route 1 - the POI Licensed Manager PIF: This is the existing Guernsey PIF which requires the PIF to have a Guernsey manager that is licensed by the GFSC. All PIFs registered prior to 20 April 2021 will continue to be registered under this route.

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