Investment

​ The Guernsey Financial Services Commission is looking to release the Investment Designated Manager Statistical Quarterly Return, Forms 141a and 141b by 11 January 2016. The deadline for submitting these forms has been extended to 19 February 2016. The links for these forms will be located within the Online Submissions Portal which is located under the Online Services tab above. Please do not use...

Under Council Implementing Regulation (EU) 2015/2425, the EU has updated the list of persons, groups and entities subject to the measures under Council Regulation (EC) 101/2001 ("the EU Regulation"). The updated list is available here: Council Implementing Regulation (EU) 2015/2425 Persons who are listed for the purposes of the EU Regulation are also automatically Designated Persons for the...

Council Regulation (EU) No 36/2012, as implemented in the Bailiwick by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012; the Syria (Restrictive Measures) (Alderney) Ordinance, 2012; and the Syria (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) No 2015/2350. The Implementing Regulation is available here: http://eur-lex.europa.eu...

HM Treasury has renewed the final designation in respect of two entities under the Terrorist Asset-Freezing etc. Act 2010. The entities concerned are therefore Designated Persons for the purposes of the Act. Further details are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/484249/TAFA_PFLP_GC_and_PFLP_notice_9.12.15.pdf HM Treasury has also revoked the...

This Notice is issued further to previous Sanctions Notices issued in relation to the removal of four individuals from the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267, the addition of one individual (“the listed person”) to the list and the updating of information in respect of another individual. Please be advised that corresponding...

​Please be advised that there have been a number of developments in relation to the Bailiwick's sanctions regime which are set out below. These developments concern sanctions relating to the Al-Qaida Network and Iran. AL-QAIDA NETWORK Please be advised that the United Nations Security Council has added one individual (“the listed person”) to the list of persons associated with Al-Qaida maintained...

​From the 1 January 2016 all Financial Advisers holding an acceptable level 4 qualification will be required to obtain a Statement of Professional Standing from an accredited body. The Commission has updated its Guidance Note on Training and Competency Schemes to provide further information regarding the Statement of Professional Standing, including from whom it can be obtained and relevant...

Further to the Commission’s application for the winding up of MVP Fund Range PCC Limited ("the Fund") under section 410 of the Companies (Guernsey) Law, 2008, as amended (“the Law”) and its subsequent application for an Administrator Order under section 374 of the Law, the Royal Court of Guernsey made an administration order in respect of the Fund on 17 November 2015. Mr Timothy Le Cornu and Ms...