Explanatory Note - Surrender of the Authorisation or Registration of Collective Investment Schemes

The Commission has today issued an Explanatory Note regarding the surrender of the authorisation or registration of collective investment schemes.  The note clarifies the typical circumstances under which the Commission will consider granting consent to the surrender of a scheme’s authorisation or registration, as required under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (“the POI Law”).

Relevant persons are reminded that where a collective investment scheme remains authorised or registered under the POI Law as at 1 January 2024 (including where such authorisation or registration is suspended), then the Commission’s (non-refundable) annual fee for 2024 will apply.