OECD Clarification Reinforces Guernsey's Fund Domicile Position

A clarifying statement agreed by the UK's HM Treasury and Ministry of Justice about Guernsey's position within the OECD has emphasised the Island's attractiveness as a fund domicile.

Representatives of Guernsey's government, the regulator and industry bodies have been working together to inform EU and EEA authorities of Guernsey's position in the OECD.As a result, on 23 June 2015 the States of Guernsey issued this statement agreed with the UK authorities: "The OECD Convention was extended to Guernsey on 20 July 1990.This means that the OECD Convention applies to Guernsey and it is part of UK's membership of the OECD. OECD decisions and recommendations apply to the same extent to Guernsey as they do to the UK."