Regulation of a GPUT in Guernsey

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The requirement of a GPUT to be regulated will be dependent on the number of proposed unitholders and the sophistication of those individuals.

Where a GPUT is regulated under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “POI Law”), it will qualify as a “collective investment scheme”, being any arrangement relating to property (of any description):

where the purpose is for investors to participate in, or receive profits or income arising from, japan mobile database the acquisition and disposal of the property, and
in which investors do not exert management or control over the property to which the arrangement refers, and
under which:
The contributions of the investors and the profits and/or income out of which payments are to be made are pooled, or
The property is managed as a whole, by or on behalf of, the person responsible for its management
Where a GPUT is regulated under the POI Law it can also be established under the registered or authorised fund regime and as a Private Investment Fund (“PIF”).