CONTACT - Guernsey Chamber of Commerce

a conscientious, process-driven
administrator who champions
their profession. Mutual trust
is built through delivering on
promises; earning respect; keeping
all parties informed and seeking
counsel at any opportunity.
With so many variations on
investment vehicles, strategies and
investor needs, it’s integral that a fund
partners with an experienced service
provider with strong corporate
governance credentials and strong
links to regulatory associations in
its operational jurisdictions. an
effective administrator will be able
expedite approvals and regulatory
concerns and inform of changing
regulatory procedures and updates.
Fund corporation has been
working hard to achieve this; through
‘The biggest positive influence an administrator
can have on a fund is in helping to navigate
complex regulatory issues.’
our relationship with the Guernsey
Financial Services commission,
we recently achieved a “fast-track”
fund application, largely due to the
fact that we were able to discuss the
application openly and honestly
with them. We also helped a new
investment management firm to
quickly obtain its local poi licence;
in structuring its to-be-established
group and continuing to work with
them to plan its new funds platform.
according to a recent report
by ernst and Young, value-added
administration services in the early
stage of the private equity fund cycle,
such as assistance in the fund set-up,
are not often provided. the provision
of regulatory support is integral to
this critical stage so the winners
will be those who have already
been providing these pillars to their
service for many years already.
www.guernseychamber.com | OCTOBER/NOVEMBER 2010 | CONTACT | 37