ESMA advice positive on Guernsey AIFMD passport extension

04/08/15

On 30 July 2015, the European Securities and Markets Authority (ESMA) concluded "that no obstacles exist to the extension of the passport to Guernsey and Jersey".  Following which, the ESMA has forwarded its advice to "the Commission, Parliament and Council for their consideration on whether to activate the relevant provision in the AIFMD extending the passport through a Delegate Act." 

Guernsey and Jersey are currently the only non-EU jurisdictions where ESMA has given such positive advice. 

Please refer to the following article on the Guernsey Finance website for further details:

http://www.guernseyfinance.com/press-room/news/2015/07/esma-advice-positive-on-guernsey-aifmd-passport-extension/