Regulatory Alerts2021-10-21
Guernsey Financial Services Commission Guidance on Fast Track Licence Applications for Fund Management Entities
The Guernsey Financial Services Commission issues this November 2021 guidance to outline the fast track application process for entities managing Qualifying Investor Funds, Registered Collective Investment Schemes, or Overseas Collective Investment Schemes. The document mandates that Guernsey licensed administrators perform comprehensive due diligence to verify the fitness, properness, and solvency of applicants before submitting declarations to the Commission. Provided all criteria and documentation are met, the Commission commits to granting licences within ten business days of receipt.
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