Investor Protection Regulations

This morning the Policy & Resources Committee approved “The Investor Protection (Designated Countries and Territories) (Bailiwick of Guernsey) Regulations, 2017” (“the regulations”). The regulations are in force from today. 

These regulations designate certain countries and territories for the purposes of s29(1)(cc) of the Protection of Investors (Bailiwick of Guernsey) Law 1987. The effect of this is that, a firm with a main place of business in one of the jurisdictions listed in the regulations promoting controlled investments to certain licensed entities in the Bailiwick of Guernsey, does not need a licence provided that certain requirements, including the completion of a simple web based notification form, are met.

For the avoidance of doubt, the Investor Protection (Designated Countries and Territories) Regulations, 1989, Investor Protection (Designated Countries and Territories) (Republic of Ireland) Regulations, 1992, and Investor Protection (Designated Countries and Territories) (Amendment) (AIFMD) Regulations, 2015 remain in force in their original form. 

For further information and a link to the online notification form please click here. A copy of the new regulations will shortly be available at http://www.guernseylegalresources.gg/