Articles from 2024

The Commission notes the Report to the Privy Council of the 18 December 2024. Further to the Report's instructions that it be "punctually observed and obeyed", the Commission now intends to proceed to appoint a Senior Decision Maker further to the judgment of the Guernsey Court of Appeal of 18 January 2024 to redetermine the sanctions to be applied in this matter as per paragraph 194 of that...

Please be advised that the following have been added to the list of persons who are currently designated under the Global Human Rights Sanctions Regulations 2020 (the UK regulations) and who are subject to an asset freeze. Vakhtang Gomelauri (Unique ID: GHR0143) Aleksandre Darakhvelidze (Unique ID: GHR0144) Zviad Kharazishvili (Unique ID: GHR0145) Mileri Lagazauri (Unique ID: GHR0146) Sulkhan...

Please be advised that the following person: Mikail Safarbekovich Gutseriev (Group ID: 14131) has been designated under The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and is now subject to an asset freeze. The entity referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the Bailiwick under...

The Commission has today published a Consultation Paper setting out the Commission’s proposed Rules and approach to regulating equity release products. Equity release allows homeowners to release some of the value tied up in their home. It is a financial product available to people in later life who may have limited incomes and considerable housing equity. Customers can obtain cash releases whilst...

Please be advised that the following entity: AUTEL ROBOTICS CO., LTD. (Unique ID: RUS2299) has been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and is now subject to an asset freeze and trust services sanctions. The entity referred to above appears on the UK’s consolidated list, which can be found here . The UK regulations are given effect within the...

The Commission has today issued Unclaimed Investor Money Guidance under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. Taking forward proposals consulted upon earlier in the year, the new guidance addresses the need for funds to have a policy for unclaimed investor money, to identify a responsible entity for overseeing this policy and to make appropriate disclosure to investors...

The Guernsey Financial Services Commission has today issued the Regulated Investment Exchange Operator Rules and Guidance, 2024 (the “RIEO Rules”), made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “POI Law”). These rules will come into operation on 31 January 2025. This follows the public consultation in respect of the RIEO Rules, which closed on 12 November 2024. The...

The Commission has made Regulations amending the scope of the types of company permitted to use a PCC structure, under the Companies (Guernsey) Law, 2008 (“the Companies Law”), to include licensed Pension Service Providers. This amendment, which will broaden the range of structures available to Pension Service Providers, follows completion of a public consultation process. Further information can...

Please be advised that the following ships have been specified under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): JUNIA (IMO 9293155)(Unique ID: RUS2359 ) MIANZIMU (IMO 9299666)(Unique ID: RUS2360 ) BULL (IMO 9292503) (Unique ID: RUS2361 ) MARATHON (IMO 9288746) (Unique ID: RUS2362 ) PONTUS I (IMO 9255660)(Unique ID: RUS2364 ) GARASAN (IMO 9323986)(Unique ID: RUS2365 )...