The Guernsey Financial Services Commission is bringing in new rules from October 6, 2018, which will affect the information contained in investment fund prospectuses.
The changes mean that prospectuses will need to include comprehensive details of those offering, promoting or selling the funds. The documents will also have to state the shareholdings of anyone who has a significant interest in the fund management company.
David McNay, ZEDRA Group Director in Guernsey said: “These new rules will ensure any investor in a Guernsey-listed fund has as much information as possible about the underlying details of the fund. The Guernsey fund industry is in robust health and these latest rules will help improve even more investor confidence.
“Guernsey-based funds can be sold in many jurisdictions including the #UK, #Switzerland and #Asia and there is an investor compensation scheme, which means those putting money into the sector do so safe in the knowledge that their investments are protected”. To read the full article: https://lnkd.in/gw4tQjj