PE Tech Report

Offshore

ESMA advice positive on Guernsey AIFMD passport extension

A recommendation by the European Securities and Markets Authority (ESMA) to grant Guernsey a ‘third country’ passport under the Alternative Investment Fund Managers Directive (AIFMD) has been welcomed by Guernsey’s funds sector. In announcing its findings from the ‘Call for Evidence – AIFMD passport and third country AIFMs’ consultation ESMA

PCM receives full AIFMD licence for Malta SICAV

Prestige Capital Management Limited (PCM) has been granted an AIFMD (Alternative Investment Fund Managers Directive) licence by the Maltese regulator, the Maltese Financial Services Authority (MFSA).  PCM operates a Maltese-authorised SICAV. The AIFM licence will allow this business to grow both its existing SICAV as well as the future management

Dominic Wheatley, Guernsey Finance

Working together for private equity

Guernsey Finance’s Dominic Wheatley (pictured) explains how the island is working with the BVCA for the future success of British private equity and venture capital. At the end of last year, Guernsey Finance was delighted to attend the inaugural meeting of the BVCA’s Channel Islands Group. Guernsey’s geographical location in

Ogier acts as BVI counsel on USD76,875,000 IPO of Atlantic Alliance Partnership Corp

Ogier has acted as BVI legal counsel on the USD76,875,000 IPO on NASDAQ of Atlantic Alliance Partnership Corp. Atlantic Alliance Partnership Corp is a special purposes acquisition company (SPAC) formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual or control arrangement with, purchasing

Alter Domus expands depositary services to Malta

Alter Domus, a provider of fund and corporate services for alternative investment funds and multinational corporations, has been authorised by the Malta Financial Services Authority (MFSA) to act as a depositary.  Alter Domus has been issued with a Category 4b Investment Services Licence to act as a custodian in relation

Nadine Cachia

JTC granted MFSA registration

JTC has been granted a registration status by the Malta Financial Services Authority (MFSA) as a company service provider pursuant to Article 5 of the Company Service Providers Act, 2013. The firm can now provide professional services to third parties including corporate entities from the jurisdiction. As a recognised ‘Company

Guernsey flag

Q&A: Market harmonisation and cross-jurisdiction selling

To what extent have UCITS and AIFMD created market harmonisation and allowed cross-jurisdiction selling? Answers provided by Christopher Jehan of the Guernsey Investment Fund Association. Question: How widespread is the ability of a fund in one jurisdiction to sell into another or do for example, non-EU managers struggle to access

Joe Truelove, director of Carey Group’s fund administration business

Offshore stock exchanges – why and how?

Joe Truelove (pictured), Head of Fund Services at Carey Group explores the uses of offshore stock exchanges, such as the Channel Islands Securities Exchange… The key reasons for listing a company on an offshore stock exchange are in principle the same as those of listing a company on an onshore

Dominic Wheatley, Guernsey Finance

Substance drives up interest in Guernsey

Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains why issues of substance are driving up interest among fund managers in the potential upside of relocating to Guernsey. During the last year we have seen increased interest among fund managers in the potential upside of relocating operations to Guernsey. A contributing

Nicolaas Faure, executive director, Drake Advisors

Seeing the fruits of the Approved Manager regime

According to the Q3 statistical bulletin published by the BVI Financial Services Commission (FSC), the islands’ financial regulator, a total of 27 limited partnerships were recorded in Q2 2014 compared to 16 in Q2 2013. That figure rose in Q3 to 36.  This is good news for the jurisdiction as it

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