Guernsey – Offering Flexibility And Substance For AIFMD

With Europe remaining a key market, Guernsey Finance's Fiona Le Poidevin explains how Guernsey is evolving its regime to fit with the AIFMD as well as the attractiveness of its third country position.

There is no escaping from the fact that the EU's AIFMD presents one of the biggest regulatory challenges the European orientated investment management community has seen in recent times. Indeed, the upcoming 12 to 18 months will prove pivotal in determining the implementation of the AIFMD and the implications for investment houses and their client bases, particularly as European Economic Area (EEA) member states begin to interpret the Directive's many provisions.

From a Guernsey perspective we have been gearing up for the AIFMD for some time, consistently engaging with the European authorities as the Directive was constructed over the past few years. Of course, Guernsey is not in the EU and therefore, is not required to implement the AIFMD.