GUERNSEY: Update to AIFMD FAQs

Thursday September 25 2014

The Guernsey Financial Services Commission Supervision and Policy Division have announced that the Alternative Investment Fund Managers Directive (AIFMD) FAQs have been updated.

The update concerns information with reference to the Netherlands. The Autoriteit Financiel Markten (AFM) in the Netherlands has accepted an overarching statement from the Commission, therefore, individual attestations will no longer be required, however, the AFM requires confirmation that Guernsey AIFMs are appropriately licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended. The AFM has confirmed that a screen print from http://www.gfsc.gg/Investment/Regulated-Entities/Pages/Licensees.aspx would satisfy this requirement.

The above arrangement is specific to Guernsey AIFMs and is not an arrangement that has been extended by the AFM to all non-EEA AIFMs.

Click on the above link for FAQs.