News

This Notice is issued further to the previous Sanctions Notice issued in relation to the addition of one entry to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that corresponding changes have now been made to the list maintained by the European Union under Council Regulation (EC)...

The Commission is seeking to work with the global insurance industry to ensure that long-term green investments can be effectively taken on as assets to meet long-term life insurance liabilities. This initiative seeks to fulfil two aims: the first is to make it easier for insurance companies to access long-term investments that in turn will make it easier for insurance companies to offer...

Please be advised that the United Nations Security Council has added one to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All entities on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here: https://www.un.org/press/en/2018...

Two-factor authentication (“2FA”) functionality is now available on the Online Submissions Portal. This is in line with the Commission’s commitment to continually improving the security of licensee data. If your organisation promotes the use of 2FA, then please ensure that your portal users opt in to use the functionality. A guide with instructions is available here.

Following release on 15 th March 2018 of the draft Regulation of Fiduciaries, Administration Businesses & Company Directors, etc. (Bailiwick of Guernsey) Law, 2018 for engagement (see here for the news article), the Commission will be hosting a drop-in session on 19 th April 2018 between 8.30am and 9.30am. Please join us to discuss the draft Law and have a coffee and a croissant. The engagement...

Council Regulation (EU) 747/2014, as implemented in the Bailiwick by the Sudan (Restrictive Measures) (Guernsey) Ordinance 2014, the Sudan (Restrictive Measures) (Alderney) Ordinance 2014 and the Sudan (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) 2018/512. The Implementing Regulation, which is automatically and immediately effective in the...

Council Regulation (EU) 270/2011, as implemented by the Egypt (Freezing of Funds) (Guernsey) Ordinance, 2011, the Egypt (Freezing of Funds) (Alderney) Ordinance, 2011 and the Egypt (Freezing of Funds) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) 2018/465. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/465 The effect of...

The list of persons subject to restrictive measures under Council Regulation 2580/2001 (the EU Regulation) has been amended by Council Implementing Regulation (EU) No 2018/468. The effect of the amendment is to update the information relating to the persons, groups and entities on the list. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/468 Persons who are...

The Commission is seeking feedback on the provisions of the draft Protection of Investors Law, the draft Regulation of Fiduciaries Law and the definitions which are proposed to be used across the revised supervisory laws and specifically whether these may have any unintended consequences or contain fatal flaws. The Commission has published engagement papers in relation to these setting out the...