Regulatory Alerts2022-11-17
Notice Regarding the Suspension of the Authorisation and Registration of Funds
The Guernsey Financial Services Commission mandates that all suspended collective investment schemes remain fully subject to existing regulatory, AML/CFT, and investor protection obligations. Effective 1 January 2023, suspended funds must submit standard annual, quarterly, and financial crime risk returns, while annual regulatory fees will resume for the 2024 cycle following a 2023 transitional waiver. The regulator will also consider case-by-case requests to waive mandatory audit requirements for schemes entering non-adverse liquidation, permitting the submission of un-audited financial accounts instead.
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