Tuesday February 3 2015
News Source: Fund Regulation
Focus: General - Fund Regulation
Type: General
Country: Guernsey
The Guernsey Financial Services Commission has invited comments on the proposal that The Registered Collective Investment Scheme Rules 2008 be repealed and replaced by The Registered Collective Investment Scheme Rules 2015 (“the draft rules”).
In the draft rules the Commission has removed references to the prohibition on direct offering of registered schemes to the public in Guernsey and also corrected various typographical errors.
The Commission is currently liaising with the Guernsey Investment Fund Association regarding Guernsey’s regulatory framework, and therefore, further changes may be made to the registered scheme regime in the future, however, in the interim, the Commission considers that the restriction on direct offering of registered schemes to the public in Guernsey should be removed forthwith and hence the draft rules have been released for consultation.
The Commission invites comments on this consultation paper by no later than Friday 27 February 2015.
Responses should be sent to mlinvestment@gfsc.gg.
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