Regulatory Alerts2021-10-21
Qualifying Investor Funds Guidance Note
The Guernsey Financial Services Commission issued this November 2021 guidance to define Qualifying Investor Funds and the specific categories of Qualified Investors permitted to invest in them. It mandates that licensed service providers conduct rigorous due diligence on promoters and investment managers to verify their fit and proper status regarding integrity, solvency, and competence. The document further outlines the required documentation and declarations necessary for the Commission to authorize a fund within three working days of application receipt.
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