Guernsey's Private Investment Fund could be set for growth
with a new consultation launched between the island's funds
industry and regulator to consider widening formation options for
the popular regime.
The Guernsey Financial Services Commission has issued a
discussion paper with proposals aimed at ensuring that the Guernsey
funds framework remains fit for purpose, while helping to create
opportunities for growth. Alongside proposals to increase
efficiency and clarity, the discussion paper proposes widening the
formation options for Private Investment Funds. The PIF was
introduced in 2016 and has proved popular for new and existing fund
promoters, who are able to quickly launch a simple and flexible
product to investors.
