Preface
This memorandum has been prepared for the assistance of clients
considering carrying out investment fund business in Guernsey. It
is intended to provide only a summary of the main legal
requirements and general principles applicable to investment fund
business in Guernsey and is not intended to be comprehensive in its
scope. It is recommended that a client seeks legal advice on any
proposed transaction prior to taking steps to implement it.
A series of briefings on other aspects of Guernsey law have been
produced by Ogier and are available on request.
This memorandum has been prepared on the basis of the law and
practice as at 1 July 2008
Introduction
Guernsey's regulatory regime for investment fund business is
changing. A report issued in 2005 (the Harwood Report) set out some
key recommendations for change, with the principal purpose of
ensuring that Guernsey maintains and enhances its position as a
major offshore financial centre for investment
