News

The Guernsey Financial Services Commission is today issuing two Consultation Papers seeking feedback from interested parties on potential changes to the regulatory framework under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the "Fiduciaries Law") with the objective of ensuring that the regime continues to be both compliant...

Second Quarter 2019 Investment Funds The net asset value of total funds under management and administration has increased in Sterling terms during the last quarter by £16 billion (5.5%) to £295.9 billion. Over the past year, total net asset values increased by £20 billion (7.1%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £4.8 billion...

Today the Commission issues its Feedback Statement. The Statement summarises responses which centred on asset weighting, a green taxonomy and ILS. The Statement illustrates the Commission’s continuing commitment to the green agenda. The Statement can be found here.

Please be advised that the United Nations Security Council has amended one entry on 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...

Please be advised that two entries have been added to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained by the European Union under Council Regulation (EC) No 881/2002 by Council Implementing Regulation (EU) No 2019/1353. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al...

Please be advised that the United Nations Security Council has added two entries 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...

Please be advised that the United Nations Security Council has amended one entry on 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...

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 2019/1337, and Council Implementing Regulation (EU) 2019/24 has been repealed. The effect of the amendment is to update the information relating to the persons, groups and entities on the list. The Implementing Regulation is...

Council Regulation (EU) No 2016/44, as implemented by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016, the Libya (Restrictive Measures) (Alderney) Ordinance, 2016 and the Libya (Restrictive Measures) (Sark) Ordinance, 2016, has been amended by Council Regulation (EU) No 2019/1292. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2019/1292 The effect...