Figures from the European Securities and Markets Authority
(ESMA) have underlined the strong relationship between
Guernsey's fund industry and the European marketplace.
Data contained within ESMA's advice on the granting of third country
passports under the Alternative Investment Fund Management
Directive (AIFMD), reveal that Guernsey was the third largest
non-EU fund domicile, behind only the US and Cayman Islands, for
the number of non-EU AIFs and non-EU AIFMs marketing into the EU
Member States of the UK, Ireland, Sweden, the Netherlands,
Luxembourg, Finland, Denmark and Belgium for the nine-month period
up to March 2015*.
The UK remains a key market for Guernsey with the ESMA figures,
based on feedback from the National Competent Authority (NCA) in
the UK, revealing that 25 Guernsey AIFs were being marketed under
Article 36 in the three months up to 31 December 2014, while 57
Guernsey AIFMs and 121 Guernsey AIFs were marketing under Article
42 for the same
