Amendment of Guernsey Financial Services Commission's (GFSC) domestic rules and the provision of guidance means that Guernsey is well advanced in being able to continue to offer access to EU markets in view of Alternative Investment Fund Managers Directive (AIFMD) coming into force on 22 July this year.
As well as the public release of AIFMD marketing rules and notification form, GFSC confirms it is able to accept applications prior to 22 July 2013. The GFSC has also provided a set of frequently asked questions (FAQs) which will be updated as the EU-wide implementation of AIFMD unfolds. This most recent development follows approval from the European Securities and Markets Authority (ESMA) of the bilateral agreements to be signed which will create a formal framework of cooperation on matters of mutual interest between the GFSC and the equivalent bodies in the EU Member States, Croatia,...
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