Guernsey Finance chief executive Fiona Le Poidevin
examines Guernsey's pro-active response to the Alternative
Investment Fund Managers Directive (AIFMD).
Guernsey has been on the front foot throughout the conception,
development and implementation of the Alternative Investment Fund
Managers Directive (AIFMD).
Guernsey has made early decisions wherever possible in terms of
how its funds industry responds to the directive, while awareness
among fund managers of the requirements imposed by AIFMD has been
somewhat mixed. Furthermore, and as anticipated, the way the
different EU Member States have applied conditions has been
inconsistent. Indeed, at the end of May, Bill Prew, Chief Executive
of the independent depositary services Indos Financial, claimed
that some 10 months on from the July 2013 transposition deadline
for AIFMD, a third of EU member states had still not fully
implemented the legislation at national level – with not long
left until the one year
