Why GuernseY for investment funds Guernsey Finance These slides are intended to be used to promote investment funds in Guernsey – please use them. All the images are subject to copyright and should not be used outside of this presentation without the permission of Guernsey Finance.
we are A specialist global finance centre
stability
security
sustainability
substance
WEAREGUERNSEY.COM
WE ARE SPECIALIST Traditional Guernsey milk cans have been crafted in Guernsey for more than 1,000 years by specialist crafters. Today, our investment fund practitioners are renowned for their ability to craft specialist products for their clients’ needs.
WEAREGUERNSEY.COM
global funds specialist Europe’s leading specialist centre for private equity administration
$400bn funds AUM
150+ funds managers
30+ global administrators
Number one location for London-listed funds
WEAREGUERNSEY.COM
centre of substance Whitelisted by the EU and OECD. 10,000 employed in financial services More than 150 fund managers 30+ global administrators
Home to The International Stock Exchange.
WEAREGUERNSEY.COM
leader in private equity and alternatives
Europes leading specialist centre for private equity administration
$200bn+ AUM in private equity assets
Home to many major houses Permira, Apax, BC Partners etc.
150+
30+
fund managers
global administrators
WEAREGUERNSEY.COM
simple flexible funds regime
simple funds regime Authorised, registered and private funds encompass all needs
respected, responsive regulation ESMA equivalent regime
common law culture Strong community of global legal practices
WEAREGUERNSEY.COM
high standards of service Fast regulatory turnaround Expert professional administration from a strong established community of global administrators
Common law culture Strong community of global legal practices
WEAREGUERNSEY.COM
respected regulatory regime Highest standards of AML Moneyval inspection scored highest ever ratings (48/49) of compliance against FATF standards
ESMA-verified AIFMD regime One of just three original jurisdictions in 2015 to have deemed equivalent third country AIFMD regime
WEAREGUERNSEY.COM
Global market access Bringing together international investors – two-thirds of all Guernsey funds contain investors from more than two regions of the world
Continued access to UK, EU27 and US Post-Brexit MOU agreed with FCA NPPR Regime into EU Private placement into US
Only offshore regulator with all three regulatory MOUs with China (Banking, securities and insurance)
Reaches parts of the world managers want to reach WEAREGUERNSEY.COM
global distribution Access to UK, EU27 and US Continued Post-Brexit MOU agreed with FCA NPPR Regime into EU Private placement into US
Only offshore regulator with all three regulatory MOUs with China
Reaches parts of the world managers want to reach
(Banking, securities and insurance)
WEAREGUERNSEY.COM
NPPR Guernsey is number one third jurisdiction (behind Cayman) for marketing of Article 42 funds into EU
Proven, smarter, faster Private placement into EU markets cheaper and quicker than internal passport
Advantages of AIFMD Passport a myth Only 3% of AIFs are distributed into more than three member states
Recognised by EU – reducing cross-border funds distribution cost an objective within CMU
WEAREGUERNSEY.COM
channel islands vs luxembourg
Higher standards of service, lower cost
Fast regulatory turnaround
Proven market access Private placement into EU markets cheaper and quicker than internal passport
Common law culture Strong community of global legal practices
Expert professional administration From strong established community of global administrators
Recognised by EU – reducing cross-border funds distribution cost an objective within CMU
Only 3% of AIFs distributed in more than three Member States
WEAREGUERNSEY.COM
Brexit Stability and security of status Third country today, yesterday and tomorrow
Continuity of market access (Uniquely) access to UK and EU27 unchanged
Guernsey is a hedge against uncertainty for EU distribution
WEAREGUERNSEY.COM
leading centre for sustainable finance Part of the UN Environment Programme Guernsey is a member of United Nations’ Financial Centres for Sustainability network
Dedicated green finance initiative
Market-leading product
Robust, transparent frameworks providing confidence to investors
World’s first regulatory regime for green funds Dedicated green segment for listing of instruments on the Exchange
Over $150AUM administered in Guernsey by firms committed to PRI WEAREGUERNSEY.COM
Guernsey Positioning
Global financial specialist A specialist finance centre
Force for global good An engaged and respected global citizen
Leading centre of green sustainable finance At the forefront of development centre of green finance
WEAREGUERNSEY.COM
Guernsey strategic pivot
Focusing on private capital
Centre of sustainable finance
Improving competitive fundamentals
Global private wealth doubled in decade following 2008. Focus on family office and private capital servicing
Being at the forefront of development of green and sustainable finance is our strategic jurisdictional objective
Creating supportive environment for deployment of technology key – prize is 10-15% boost to GDP
WEAREGUERNSEY.COM
Guernsey global pivot
Developing ties with US
Part of ‘City plc’
10-year commitment to China
Traditional links through private equity, developing ties with sustainable finance network
Improved appreciation in the City and UK of the complementary nature of the Channel Islands
Only offshore jurisdiction with full suite of banking, insurance and investment regulatory MoUs
WEAREGUERNSEY.COM
Collateral
? ? ? WEAREGUERNSEY.COM
THANKS FOR LISTENING Guernsey Finance These slides are intended to be used to promote investment funds in Guernsey – please use them. All the images are subject to copyright and should not be used outside of this presentation without the permission of Guernsey Finance.