With a plethora of memoranda and general commentary circulating on the draft AIFM Directive and the 'Swedish Compromise' we continue to monitor the position from a Jersey/Guernsey perspective. Partners from our Funds Group have been actively engaged in industry discussions on the likely impact of the AIFM Directive on the Jersey and Guernsey funds market to ensure that the interests and views of the Channel Islands funds industry are adequately represented to the authorities in Jersey, Guernsey, the UK and the EU.

Once some clarity is achieved on the likely outcome and effect on Jersey and Guernsey investment fund structures, we will be issuing a briefing note on the AIFM Directive.