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ARTICLE · 21 MAY 2025

New PIF Rules - The Latest Innovation In Guernsey Funds Regulation

Carey Olsen
Carey Olsen
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The Guernsey Financial Services Commission (the "GFSC") has issued an update to the Private Investment Fund ("PIF") rules.

GuernseyFinance and Banking
Matthew Brehaut
Matthew Brehaut
Andrew Boyce
Andrew Boyce
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The Guernsey Financial Services Commission (the "GFSC") has issued an update to the Private Investment Fund ("PIF") rules.

The Private Investment Fund Rules and Guidance, 2025 (the "2025 PIF Rules") are the result of extensive engagement between the GFSC and industry, and mark a dramatic shift from the current rules, opening up PIFs to a wider range of investors and removing some previous regulatory requirements.

The 2025 Rules bring greater flexibility and simplification to Guernsey's fund regulations, providing a simple, light-touch regime ideally suited for all funds targeting sophisticated investors.

What changes do the 2025 PIF Rules make?

Consolidation of PIF classes

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