Compliance
Compliance Corner: Gen II Fund Services, Guernsey
The latest compliance news: regulatory developments, punishments, guidance, permissions and authorisations for new product and service offerings.
Gen II Fund Services
Gen II
Fund Services, a global private capital fund administrator,
has been licensed by the Guernsey Financial Services Commission
(GFSC) to provide fund administration services for
Guernsey-domiciled private market structures.
The Jersey-based firm said it is responding to “sustained client
interest in Guernsey-based private capital structures.”
The enhanced Guernsey presence represents a strategic extension
of Gen II's Channel Islands capabilities, it said in a statement
yesterday.
“Guernsey is an important jurisdiction in global private capital
structuring, particularly for managers seeking stability,
regulatory clarity and international credibility,” Michael
Johnson, chief commercial officer at Gen II Fund Services, said.