UK Crown Dependency Guernsey has introduced a fast-track system for migrations of investment funds and their managers into the island.

The new regime will allow managers seeking the security of a jurisdiction white-listed by the European Union and OECD for economic substance, to move quickly and easily.

The new fast-track application regime for managers of Overseas Collective Investment Schemes introduced by the Guernsey Financial Services Commission will make it simpler to apply for a Guernsey licence, enabling consent to migrate and the licensing process within a 10-day review period.

The Commission has a su...