Although Guernsey is not part of the EU, Europe is still a key market for its funds industry. To ensure continued access to this market, Guernsey has introduced an opt-in, fully AIFMD compliant regime to run alongside its existing regulations. Unless full AIFMD status is required, Guernsey managers are expected to continue to market to European investors under National Private Placement (NPP) regimes until such time as passporting for third countries is implemented in July 2015.
Guernsey is a key financial jurisdiction in alternative funds for investment managers marketing inside and outside the EU. While the implementation of AIFMD is still bedding in, we are confident that the establishment of the dual regime will make Guernsey an even more attractive and important place to do business for years to come.
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