Guernsey confirms continuity of UK market access for funds post-Brexit

Guernsey's financial services regulator has signed a memorandum of understanding with the UK's Financial Conduct Authority (FCA) to ensure market access for Guernsey investment funds into the UK after Brexit. Guernsey has a market access agreement with the 28 Member States of the European Union under the EU's Alternative Investment Fund Managers' Directive. The agreement was made and signed with the European securities regulator, the European Securities and Markets Authority (ESMA). Once the UK leaves the European Union, expected at the end of this month, it will cease to be a signato...