Regulatory Alerts2025-05-19
Private Investment Fund Guidance Note
The Guernsey Financial Services Commission issued this guidance note to outline due diligence obligations for registering Private Investment Funds under the 2025 Rules. Designated administrators must verify that promoters and investment managers demonstrate integrity, solvency, and competence while conducting regular fitness assessments. The document further clarifies that licensed PIF managers are exempt from specific conduct rules, capital adequacy requirements, and mandatory auditor appointments.
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