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Introduction The Guernsey Financial Services Commission (GFSC) has added two new ways to register a private investment fund (PIF) in Guernsey. A public consultation process showed that there was strong support for a PIF model without the attached Protection of Investors (POI) Law 1987 manager, allowing the industry more flexibility while maintaining protection for investors. Accordingly, on 20 April 2021 the GFSC published The Private Investment Fund Rules and Guidance 2021 (the revised rules). The revised rules take effect immediately and replace The Private Investment Fund Rules 2016. Unlike the traditional way of registering a PIF (now known as Route One registration), the two additional routes do not require the PIF to have a manager licensed under the POI Law 1987. ....
Introduction The Guernsey Financial Services Commission (GFSC) has added two new ways to register a private investment fund (PIF) in Guernsey. A public consultation process showed that there was strong support for a PIF model without the attached Protection of Investors (POI) Law 1987 manager, allowing the industry more flexibility while maintaining protection for investors. Accordingly, on 20 April 2021 the GFSC published The Private Investment Fund Rules and Guidance 2021 (the revised rules). The revised rules take effect immediately and replace The Private Investment Fund Rules 2016. Unlike the traditional way of registering a PIF (now known as Route One registration), the two additional routes do not require the PIF to have a manager licensed under the POI Law 1987. ....
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Illinois Woman Injured in Keweenaw County Snowmobile Crash Illinois Woman Injured in Keweenaw County Snowmobile Crash January 8, 2021 3,466 Views An Illinois woman was hurt in a snowmobile crash in Keweenaw County Wednesday. Officials from the Keweenaw County Sheriff’s department tell us the 22-year-old was northbound on Trail Three near Silver Mine Road when she missed a turn, left the trail, and hit several trees. She was taken to Aspirus Keweenaw, and then transferred to UP Health System-Marquette for treatment of her injuries. Her name has not been released. Speed was determined to have been a factor in the crash. An investigation continues. ....