Regulatory Alerts2025-10-15
Commission’s Approach to Licensing Firms as Designated Administrators of Family Private Investment Funds
The Guernsey Financial Services Commission has introduced a "limited" Protection of Investors licence to enable primary fiduciary licensees to act as Designated Administrators for Family Private Investment Funds without undertaking broader investment activities. Holders of this restricted licence will pay a reduced annual fee of £1,000 and remain subject to core fiduciary financial resource requirements while benefiting from targeted waivers under the Capital Adequacy Rules. Eligible firms must demonstrate appropriate skills and resources through a standard online application, with the Commission encouraging early engagement to align expectations before licence approval.
Share