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ARTICLE · 21 DECEMBER 2023

Guernsey Investment Funds Update - Q4 2023

Carey Olsen
Carey Olsen
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Our investment funds team outline the latest developments within the investment funds market in Guernsey including changes to the requirements for individuals acting as a director...

GuernseyFinance and Banking
Annette Alexander
Annette Alexander
Christopher Anderson
Christopher Anderson
Andrew Boyce
Andrew Boyce
Matthew Brehaut
Matthew Brehaut
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Our investment funds team outline the latest developments within the investment funds market in Guernsey including changes to the requirements for individuals acting as a director, Guernsey pension funds and the fast track application regime for managers of overseas funds.

Changes to the requirements for individuals acting as a director

As noted in our previous update, on 8 July 2023 new regulations to The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the "Fiduciaries Law") came into operation, introducing additional exemptions from the need to obtain a personal licence pursuant to the Fiduciaries Law. One new exemption from a funds perspective is acting as a director of a company connected to an authorised or registered collective investment scheme, where the director also acts as a director for the collective investment scheme (or its general partner) and both entities are administered by a

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