Guernsey Reveals Opt-In AIFMD Equivalent Regime

The Guernsey Financial Services Commission (GFSC) has released a new set of rules which form an opt-in regulatory regime of measures equivalent to the Alternative Investment Fund Managers Directive (AIFMD).

The AIFMD Rules, 2013 have been published on the GFSC's website and take effect from 2 January 2014.

Fiona Le Poidevin, Chief Executive of Guernsey Finance - the promotional agency for the Island's finance industry, said: "The introduction of the opt-in regime means that we have another piece of the jigsaw in place to ensure that Guernsey funds can continue to be distributed to both EU and non-EU countries in the future."

Guernsey is not in the European Union (EU) and therefore considered a 'third country' for the purposes of AIFMD.