A technical showcase of Guernsey's funds offering and how
the Island is positioning itself amid the latest regulatory
pressures will be the focus of a funds masterclass in London at the
start of next year.
The event, which takes place at the British Museum on Wednesday
28 January, features a panel debate comprising leading figures from
Guernsey's funds community and the UK marketplace.
Their discussion will examine how regulation such as the
Alternative Investment Fund Managers Directive (AIFMD), Markets in
Financial Instruments Directive (MiFID) II, Foreign Account Tax
Compliance Act (FATCA), Common Reporting Standards (CRS) and Base
Erosion and Profit Sharing (BEPS) is creating an ever-changing
landscape for the funds industry.
Fiona Le Poidevin, Chief Executive of Guernsey Finance - the
promotional agency for the Island's finance industry, said:
"The high quality of experts speaking at this event means that
I am extremely confident we will get to the very heart of the
important issues and latest developments affecting the funds
"Guernsey is not alone in having to deal with the increased
amount of onerous regulation we are seeing, but the Island's
industry and how it is positioning itself amid the latest
regulatory pressures will be at the heart of our discussions in
London. We believe Guernsey's position 'offshore' and
outside of the EU, coupled with our regulatory regime,
infrastructure and expertise means the domicile offers tailored
optionality for the international fund community."
The panel session will be moderated by Barney Lee, Partner at
Mourant Ozannes in Guernsey, while panellists include Guernsey
practitioners Grant Cameron, Managing Director of Investec and Emma
Bailey, Director of the Investment Supervision and Policy Division
at the Guernsey Financial Services Commission (GFSC).
UK experts comprise Steve Darrington, Partner and Chief
Financial Officer of Phoenix Equity; Debbie Anthony, Tax Partner at
Deloitte; and Kate Downey, Partner at Kirkland & Ellis.
The event will also look at the impact of the Volcker Rule, the
evolution of the Channel Islands Securities Exchange (CISE) and
substance requirements in the funds arena.
Miss Le Poidevin said: "The post-crisis environment,
including AIFMD, has brought about greater scrutiny of structuring
arrangements and in particular, issues of substance - something we
will cover in detail at this event. Indeed, unlike some competitor
jurisdictions, Guernsey has the advantage of significant substance
already being present within many existing structures, while
corporate governance is enhanced by having a considerable pool of
experienced non-executive directors with a deep knowledge of
"The interactive nature of the event will provide an
opportunity for delegates to not just hear from the panellists but
also raise questions and put across their views, as well as take
advantage of the networking opportunities available."
The event, titled 'Why Guernsey funds will continue to
prosper: a technical analysis', takes place from 4pm, starting
with registration and coffee and concluding with a networking
drinks reception at 6pm.
It is hosted by Guernsey Finance in conjunction with the
Guernsey Investment Fund Association (GIFA).
Sponsors are BNP Paribas Securities Services and Carey Group.
The event is supported by HFM Week.
For further information or to book a delegate place please
contact Jennifer Baudains by email firstname.lastname@example.org
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