Guernsey Accepting AIFMD Applications As Marketing Rules Implemented

On 7 June 2013 the Guernsey Financial Services Commission (GFSC), the Island's financial services regulator, issued Guernsey's domestic Alternative Investment Fund Managers Directive ('AIFMD' or 'the Directive') marketing rules, together with a notification form, and have confirmed they are able to accept applications prior to 22 July 2013. This highlights a 'business as usual' approach from the GFSC, upheld by the wider Guernsey investment funds industry.

The GFSC has also provided a set of frequently asked questions (FAQs) which will be updated as the EU-wide implementation of AIFMD unfolds.

Amending its domestic rules and the provision of guidance signals that Guernsey is well advanced in being able to continue to offer access to EU markets in view of the AIFMD coming into force on 22 July this year.