Articles from 2022

Please be advised that the Policy & Resources Committee has issued the attached general licence under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019, as applied in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. The general licence replicates within the Bailiwick the effect of some general licences that have been...

Please be advised that the following individuals have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Roman Arkadyevich Abramovich Igor Ivanovich Sechin Oleg Vladimirovich Deripaska Dmitri Alekseevich Lebedev Alexei Borisovich Miller Andrei Leonidovich Kostin Nikolai Petrovich Tokarev The UK regulations are given effect within the Bailiwick under the...

Please be advised that the entity Khatib al-Tawhid wal-Jihad (KTJ) has been designated under the ISIL (Da'esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of...

Please be advised that a template has been developed for making requests to the Policy & Resources Committee for a licence under the sanctions framework. A copy of the template is attached here

Please be advised that the UK has now made some further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK Russia regime). The UK Russia regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 and the amendments are automatically effective in the Bailiwick. The amendments to the UK Russia regime...

Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £13.6 billion (4.7%) to £303.6 billion. Over the past year, total net asset values have increased by £58.1 billon (23.7%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £2.3 billion (4.4%) to £54.5 billion. This represents...

Please be advised that the UK has updated its Russia guidance in line with the current and emerging circumstances of Russia’s invasion of Ukraine. All businesses are required to be proactive in monitoring the emergence of new sanctions and the changes to previous designations. All actions taken by the UK in regard to Russia sanctions can be found at this address as soon as they are made: Financial...

Please be advised that two persons have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations); these are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law). The following persons are...

This notice is to provide notification that, in light of the war in Ukraine, any application involving individuals, entities or investments connected with Russia is ineligible for consideration through any of the Commission’s fast-track application regimes. The Commission will expect any application to be accompanied by reputable legal advice confirming the individuals and entities involved have...