Channel Islands investment funds continue to be well placed in light of the increasingly complicated marketing regimes in the UK.
That's the view of fund specialists at Collas Crill and international firm Speechly Bircham, who discussed the implications of the Alternative Investment Fund Managers Directive, the non mainstream pooled investments regime and the Financial Promotion Order at a seminar for Island professionals recently.
The panel also discussed the use of new fund structures when marketing funds into the UK.
"Perhaps inevitably, audience interest centred on the AIFMD and the logistics for the various categories of fund manager applications," said speaker Mark Rawlins, group partner at Collas Crill, "although questions were also raised on varied topics including Scottish independence, structuring types and arbitrage".
"Also of particular note was the use of new structures such as private structures, securitisation vehicles, LLPs and Foundations within the funds context."
Leading financial services specialist and Speechly Bircham partner Elizabeth Budd provided tips to navigate the somewhat competing obligations under AIFMD requirements, the Financial Promotion Order and the new regime covering non-mainstream pooled investments at the event which coincided with the Jersey government's unveiling of its policy framework on the financial services industry.
Associated Channel Island rules and regulations, and current structures being used, were presented by Mark Rawlins (in Jersey) and Collas Crill senior associate Wayne Atkinson (in Guernsey). Collas Crill Group partner Paul Wilkes chaired the Guernsey event.
Wayne Atkinson said: "The UK is one of the primary marketplaces for Channel Island investment vehicles so it is vital we understand how to properly market our products there."
"It is equally important that we include in our offering new structures which fit with investor demand. To have the opportunity to explore these two linked topics with a UK lawyer of Elizabeth's quality was hugely useful for both the audience and ourselves."
Mark Rawlins added: "The changing regulatory environment in Jersey and globally provides both a challenge and opportunities to work with fund promoters in a jurisdiction that provides a spectrum of regulatory overlay, and ease of establishment and marketing for managers."