The Guernsey Financial Services Commission (GFSC) has approved the restructuring of the suspended EEA Life Settlements fund.
The restructuring of the fund was effective from 1 January 2014 and will enable investors to exit after two years.
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Following the approval, investors will have the chance of slowly exiting the fund in so-called run-off shares, with the remaining shares placed in continuing cells.
As part of restructure, around 58% of shareholders in existing cells have decided to move to the corresponding run-off cells.
The restructure, which was first outlined in September last year, has received approval from investors in October and was delayed by the regulator in November when it asked for further information including audited accounts of the fund.
The fund was suspended in 2011 following a wave of redemptions after the Financial Services Authority warned investors over the risks involved in life settlement funds.
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By GlobalDataEEA Life Settlements said: "The suspension of the valuation of the net asset value of all classes of participating shares in each cell of the Fund and of the issue, sale, purchase, redemption and conversion of shares of each such class, which the Board originally declared on 30 November 2011, shall be lifted immediately upon the restructuring becoming effective on 1 January 2014."
