Regulatory Alerts2025-05-15
Consultation Paper on Proposals for Non-Guernsey Schemes (December 2020)
The Guernsey Financial Services Commission proposes revoking the existing Non-Guernsey Scheme Rules to eliminate prior approval requirements and associated fees for PoI licensees managing overseas collective investment schemes. This regulatory overhaul replaces the notification process with an expanded annual data submission mandate requiring licensees to report scheme counts, total assets under management, net asset values, and investor and asset classifications. The amendments aim to streamline compliance, remove procedural duplication with existing conduct rules, and maintain robust oversight of financial crime risks and assets serviced within the Bailiwick of Guernsey.
Share