Guernsey’s post-Brexit market access Guernsey Finance LBG
Guernsey-EU Market Access
WEAREGUERNSEY.COM
Guernsey's relations with the EU Third-country status Guernsey is not, and never was, a member of the EU. The island has held third-country status for half a century.
Continuity, stability, certainty The island’s third-country status remains unchanged, providing certainty of market access – including unchanged access for services.
WEAREGUERNSEY.COM
Marketing Guernsey AIFs in the EU – Post-Brexit Access to the EU market:
The Alternative Investment Funds Management Directive (AIFMD) leaves most AIFMs with two choices when marketing their products to EU investors, by either EU (AIFMD) passport or the National Private Placement Regime (NPPR).
NPPR:
Guernsey provides proven, smarter, faster access to investors in the EU through the NPPR.
4
WEAREGUERNSEY.COM
Marketing Guernsey AIFs in the EU – Post-Brexit Following the UK's departure from the EU (31 January 2020), and the end of the subsequent implementation period (31 December 2020), the NPPR agreement remains the same. The agreement remains business-asusual for Guernsey AIFs where they can continue to market into the EU under NPPR, irrespective of whether the AIFM is based in the EU, or not.
5
WEAREGUERNSEY.COM
Guernsey-UK Market Access
WEAREGUERNSEY.COM
Guernsey's relationship with the UK Constitutional autonomy The Bailiwick of Guernsey has enjoyed more than 800 years of constitutional autonomy. The island is politically and fiscally independent.
A historic relationship Guernsey has a historic relationship with the UK as a territory of the Crown and a part of the British Isles.
7
WEAREGUERNSEY.COM
Marketing Guernsey AIFs in the UK – Post-Brexit EU access to the UK investor market: Following the UK’s departure from the EU, and the culmination of the implementation period, EU Directives no longer have jurisdiction in the UK. This means EU member states do not have access to the UK investor market through the route of the EU (AIFMD) passport. Guernsey access to the UK investor market: Guernsey and the UK signed a MoU regarding Article 42, stipulating that Guernsey funds can continue to have unchanged access to the UK market following Brexit and the end of the implementation period.
8
WEAREGUERNSEY.COM
Marketing Guernsey AIFs in the UK – Post-Brexit Following Brexit and the end of the implementation period, the Memorandum of Understanding between Guernsey and the UK guarantees Guernsey has continued and unchanged access to the UK for the marketing of AIFs.
9
WEAREGUERNSEY.COM
Following the UK's departure from the EU, Guernsey remains the specialist leader of the European private equities market, and home to more non-UK entities listed on the London Stock Exchange than any other jurisdiction globally. Guernsey has an unchanged arrangement for marketing AIFs into the EU 27 and UK.
WEAREGUERNSEY.COM
Where is guernsey?
WEAREGUERNSEY.COM
Find out more at:
Weareguernsey.com @weareguernsey