Collective investment schemes are planned to be available to high-net-worth customers who live on the island.

The Financial Services Commission is inviting comments on a proposal to the effect that the Registered Collective Investment Scheme Rules of 2008 should be repealed and replaced by new ones, which have already been drafted.

The regulator's draft proposes to remove references to the prohibition against direct offers of registered schemes to the public in Guernsey and also claims to have corrected various typos. It is inviting comments from interested parties by no later than 27 February. As part of the consultative process, both clean and tracked versions of the draft rules have been released for people's ease of reference.

Any exclusion or modification that the FSC granted in relation to a registered investment scheme pursuant to 7.04 of the Registered Collective Investment Scheme Rules 2008 will continue to apply, to the extent applicable, under the Registered Collective Investment Scheme Rules 2015.