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