Guernsey Registered Fund
- Guernsey Registered Fund
- Key Features
- An open-ended registered fund is subject to the Registered Collective Investment Scheme Rules 2008 and the Prospectus Rules 2008.
The main characteristics of a registered open-ended fund are as follows:
- The fund must be established with the objective of spreading risk. The criteria for the spread of risk must be specified in the fund’s offering document.
- The Prospectus Rules 2008 make provision for disclosures in the fund’s offering document.
- There are provisions for both immediate and periodic notifications to the GFSC regarding changes to the fund, as well as financial and statistical information.
- Registered funds may not be offered to the public in Guernsey.
- A Guernsey licensed custodian is required (unless derogation is available).
- Corporate vehicle permitted
Jersey Company, Incorporated cell company (ICC) or a Protected cell company (PCC), Limited Partnership, Unit trust
- Local physical office required
Share capital or equivalent
- Minimum paid-up capital
- Minimum investors
- Minimum number
- Corporate directorship allowed
- Local director required
Service Providers Required
- Fund manager/Investment manager
- Fund administrator
- Distinctive Benefits of Licence
- Robust yet flexible regulatory environment
- Professional infrastructure and quality of workplace
- Tax neutrality and Tax Exchange Agreements
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers