Guernsey has launched a fast-track system for investment managers and funds looking to migrate to the island, ahead of the UK becoming fully independent of the European Union on 31 December.
Guernsey Finance said the new system allowed managers to seek “the security of a jurisdiction white-listed by the European Union and OECD for economic substance”.
The new system, introduced by the Guernsey Financial Services Commission, will mean a 10-day licensing and review period for managers ...