Regulatory Alerts2022-11-03
Notice of Modification of Rule 5.1(2) of the Licensees (Capital Adequacy) Rules, 2021
The Commission issued this notice on 3 November 2022 to modify the application of rule 5.1(2) of the Licensees (Capital Adequacy) Rules, 2021. The modification excludes paragraph (c) of the definition of 'adjustments' for licensees with no physical presence in the Bailiwick that are administered by another local licensee and act as general partners, managers, or investment advisers of authorized collective investment schemes. This exemption applies specifically to entities regulated under the Protection of Investors (Bailiwick of Guernsey) Law, 2020.
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