The Guernsey Financial Services Commission, market watchdog of the Bailiwick of Guernsey issued Consultation on the Draft of the Authorised Collective Investment Schemes (Class B) Rules 2012. The Collective Investment Schemes (Class
B) Rules 1990 (“the 1990 Rules”) came into operation on 1 October
1990. Whilst the 1990 Rules have been subject to various amendments
they have not previously been the subject of a detailed review. In
light of amendments made to the rules relating to Class A open-ended
collective investment schemes and the introduction of rules covering
authorised closed-ended investment schemes and registered collective
investment schemes it was considered appropriate to conduct such a
review of the 1990 Rules.
It was against that background that a
working party consisting of industry representatives from the open-ended
fund sector and the Investment Business Division was established to
review the 1990 Rules.
Having considered the review undertaken
by the working party the Commission has produced the revised rules and
is currently seeking written feedback from Investment licensees on these
revised rules. A more detailed consultation paper is attached which
outlines particular areas of the revised rules where the Commission
would welcome feedback.
Consultation Paper
The Commission is expecting any comments on these rules to ClassBRules@gfsc.gg by close of business on Thursday 5 April 2012.
No comments:
Post a Comment