Regulatory Alerts2022-11-17
Added · Updated
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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