International Administration GroupIAG

Planning for Brexit – Alternative Fund Jurisdictions

Tuesday, April 18, 2017

As UK fund managers consider their post-Brexit options, it may be that outsourcing key back office functions, such as fund administration, becomes a more attractive and cost effective alternative to hiring more staff in those additional locations. As a long established fund administrator, IAG is well placed to provide comprehensive outsourcing services in a number of jurisdictions. Two of the key jurisdictions that fund managers are likely to be considering post-Brexit are Luxembourg and Guernsey.


It is likely that Luxembourg will be the jurisdiction of choice for those managers wishing to retain their full passporting access to the EU post-Brexit and IAG can provide a comprehensive suite of fund administration and corporate services to Luxembourg domiciled structures.

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As a continuity option, Guernsey could be attractive to many managers. Since the introduction of AIFMD in 2013, managers of Guernsey domiciled funds have been successfully making use of the National Private Placement Regimes to market their funds into Europe. In addition, Guernsey has implemented a fully compliant AIFMD regime, and as such stands to benefit immediately when the third country passport is introduced.

Furthermore, managers who don’t wish to market to EU investors can remain entirely outside the scope of EU regulation by using a Guernsey fund structure, or alternatively, in parallel with an AIFMD compliant structure.

IAG has been providing fund administration services in Guernsey since 2000. As an independent management-owned company we can provide a truly bespoke service.

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