Guernsey launches fast-track licencing for overseas funds
The Guernsey Financial Services Commission has launched a 10-day fast-track licensing regime for managers of overseas collective investment funds.
The regime aims to enable simultaneous consideration of a migration into the Bailiwick of Guernsey and licencing of the manager, followed by consideration of any applications to act for any open-ended funds under the Non-Guernsey scheme regime.
Who is it for?
The new programme caters to the following:
- Managers migrating to Guernsey
- Managers looking to establish a new Guernsey entity
Licence applications
Licence applications can be accepted in advance of a fund application for Guernsey managers, which meet the requirements of the EU National Private Placing Regime.
Categories: NewsFundraising & fund structuringDomicilesRegs & ComplianceDomicileTax