Articles from 2017

HM Treasury has renewed the final designation of three individuals under the Terrorist Asset-Freezing etc. Act 2010. The individuals therefore remain Designated Persons for the purposes of the Act. Details of the individuals are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/594303/TAFA_renewal_notice_23022017.pdf Persons who are the subject of a...

United Nations Security Council Resolution 1518, as implemented in the Bailiwick by the Iraq (United Nations Sanctions) Channel Islands Order 2000, has been amended. The effect of the amendment, which is automatically effective in the Bailiwick, is to remove one entity from the list of persons subject to financial restrictions under Resolution 1518. Further details about the amendment are...

This Notice is issued further to a previous Sanctions Notice issued in relation to the amendment of the details concerning four individuals (the listed persons) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that a corresponding change has now been made to the list maintained by the European...

The Commission would like to draw attention to the recent publication of HMT’s feedback report on its consultation on transposition of MIFID II. https://www.gov.uk/government/consultations/transposition-of-the-markets-in-financial-instruments-directive-ii In particular firms are asked to note the determination of the UK not to implement the branching requirement as outlined in Article 39 of the...

Please be advised that Council Regulation (EC) No 314/2004 has been amended by Council Regulation (EU) No 2016/284. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004, the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney ) Ordinance, 2004, the Zimbabwe (Freezing of Funds and Economic Resources) (Sark...

The Fiduciary Supervision Policy and Innovations Division has published the finding of its 2016 Thematic Review of "Client Money". A copy of the report can be found by clicking on the following link: Client Money - Thematic Review 2016

Please be advised that the United Nations Security Council has deleted one individual from the list of persons maintained under United Nations Security Council Resolution 1988. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here: https://www.un.org/press/en/2017/sc12721.doc.htm The restrictions under the UN...

The Commission is today opening a consultation on the Licensees (Conduct of Business) Rules 2016 (Amendment) Rules 2017. The Licensees (Conduct of Business) Rules 2016 (Amendment) Rules 2017 will provide transitional arrangements from the Licensees (Conduct of Business) Rules 2014 and will formally revoke those rules. Responses to the consultation on these Rules which can be found via this link...

Please be advised that the United Nations Security Council has amended the details in respect of four individuals (“the listed persons”) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are...