The EU Directive On AIFM – What Now For Guernsey?

The European Union Commission draft Directive on Alternative Investment Fund Managers

The background

Guernsey's investment fund industry is paying close attention to developments with respect to the draft EU Directive on Alternative Investment Fund Managers (AIFM).

The imposition of a trade barrier is not a desirable outcome of the intention to ensure that fund managers are appropriately regulated. For this reason, and because of the adverse reaction from the investment management community not just in the UK but in a number of other EU member states and significant trading partners such as the US, we in Guernsey, along with many other commentators, believe that it is unlikely to come into force in its current form.