Regulatory Alerts2025-05-08
Consultation Paper on The Prospectus Rules (January 2025)
The Guernsey Financial Services Commission issued this consultation paper proposing updates to The Prospectus Rules to reduce administrative burdens and align with IOSCO standards. The changes expand exemptions for Category 2 Controlled Investments, including a new definition for Professional Investors and an increased threshold for private placements, while mandating specific disclosures for Registered Collective Investment Schemes. Additionally, the proposals formalize requirements for valuation methodologies, fees, and borrowing limits, and extend notification obligations for material changes to prospectus content.
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