Mr Tim Clipstone

Tim Clipstone

Updates

Banking & Financial Services

Guernsey works for hedge funds
Guernsey | 13 October 2020

This article answers FAQs relating to Guernsey hedge funds. Topics covered include funds regulation, available structures, nexus requirements, the Guernsey Green Fund and registration and authorisation timeframes.

Corporate & Commercial

Migration of foreign limited partnerships into Guernsey
Guernsey | 24 August 2020

The States of Guernsey has adopted regulations permitting foreign limited partnerships to migrate or continue into Guernsey using the statutory migration process set out in the Limited Partnerships (Guernsey) (Migration) Regulations 2020. In conjunction with the fast-track process for the licensing of managers, Guernsey now provides an expedient and streamlined process for migrating fund structures into the jurisdiction.

Environment & Climate Change

Guernsey Green Fund – environmentally friendly wrapper
Guernsey | 29 October 2018

The Guernsey Financial Services Commission recently introduced the Guernsey Green Fund designation to provide investment managers with an opportunity to "assure investors that their investments are contributing to initiatives that have a positive environmental impact on the planet and in so doing inspire confidence that their investments are well regulated". The designation is available to registered and authorised schemes run in accordance with the Guernsey Green Fund Rules.

Private Client & Offshore Services

Guernsey works for hedge funds
Guernsey | 08 October 2020

This article answers FAQs relating to Guernsey hedge funds. Topics covered include funds regulation, available structures, nexus requirements, the Guernsey Green Fund and registration and authorisation timeframes.

Funds regime – why Guernsey?
Guernsey | 01 October 2020

Guernsey is a premier jurisdiction for investment funds and private equity business and its reputation, location, tax-neutral status and innovative approach continue to attract leading investment managers. Under the Protection of Investors (Bailiwick of Guernsey) Law, managers, advisers and administrators must be licensed in order to conduct certain investment business activities in or from within the Bailiwick of Guernsey in relation to most collective investment schemes and other investments.

Migration of foreign limited partnerships into Guernsey
Guernsey | 20 August 2020

The States of Guernsey has adopted regulations permitting foreign limited partnerships to migrate or continue into Guernsey using the statutory migration process set out in the Limited Partnerships (Guernsey) (Migration) Regulations 2020. In conjunction with the fast-track process for the licensing of managers, Guernsey now provides an expedient and streamlined process for migrating fund structures into the jurisdiction.

ODPA announces extension of exemption registration in Guernsey
Guernsey | 23 July 2020

Every controller and processor of data must comply with the Data Protection (Bailiwick of Guernsey) Law 2017. However, certain exemptions mean that there is currently no need for some data controllers or processors to register with the Office of the Data Protection Authority (ODPA). The ODPA has announced that any party which is currently exempt from the legal requirement to register will now continue to be exempt until January 2021.

Update on economic substance rules for Guernsey fund managers
Guernsey | 27 June 2019

The Income Tax (Substance Requirements) (Implementation) Regulations 2018, as amended, came into effect on 1 January 2019 and apply to accounting periods commencing on or after that date. The new economic substance requirements apply to certain Guernsey tax-resident companies and have been passed in order to comply with the EU Code of Conduct Group on Business Taxation. This article summarises the current position relating to the substance requirements for fund management companies.

Green finance – a world first and a force for good which also makes economic sense
Guernsey | 20 June 2019

Increasingly stark and startling messages relating to the environment and climate change are now commonplace in the media. That is why it is so refreshing to know that Guernsey is taking a leading role on the world stage and using its strengths to produce a significant positive impact, including through the implementation of the Guernsey Green Fund.

Fund managers' perspective on Guernsey substance rules
Guernsey | 18 April 2019

The government has approved new regulations which impose an economic substance test on Guernsey tax-resident companies in order to meet the requirements of the EU Code of Conduct Group. The regulations, which came into force on 1 January 2019, establish tests for tax-resident companies carrying on 'relevant activities', including fund management.

Guernsey Green Fund – environmentally friendly wrapper
Guernsey | 25 October 2018

The Guernsey Financial Services Commission recently introduced the Guernsey Green Fund designation to provide investment managers with an opportunity to "assure investors that their investments are contributing to initiatives that have a positive environmental impact on the planet and in so doing inspire confidence that their investments are well regulated". The designation is available to registered and authorised schemes run in accordance with the Guernsey Green Fund Rules.

Tech, Data, Telecoms & Media

ODPA announces extension of exemption registration in Guernsey
Guernsey | 24 July 2020

Every controller and processor of data must comply with the Data Protection (Bailiwick of Guernsey) Law 2017. However, certain exemptions mean that there is currently no need for some data controllers or processors to register with the Office of the Data Protection Authority (ODPA). The ODPA has announced that any party which is currently exempt from the legal requirement to register will now continue to be exempt until January 2021.