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Council Regulation (EC) No 36/2012, as implemented 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 2019/350. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2019/350...

The Commission is today issuing a discussion paper seeking feedback from all interested parties on potential enhancements 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 with international...

Fourth Quarter 2018 Investment Funds The net asset value of total funds under management and administration has increased in Sterling terms during the quarter ended 31 December 2018 by £1.7 billion (0.6%) to £281.7 billion. For the year since 31 December 2017, total net asset values increased by £11.7 billion (4.3%). Open-ended Funds Within these totals, Guernsey domiciled open-ended funds...

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

Nominated Officers - PQ Portal The Commission has ceased to require notice of any changes to a firm’s Nominated Officers from today. Any person who has taken up a Nominated Officer appointment or ceased to hold such an appointment from 28 February 2019 is no longer required to complete an Online PQ or an Online Appointment. However, firms are reminded that they must continue to inform the...

Council Regulation (EU) No 753/2011, as implemented by the Afghanistan (Restrictive Measures) (Guernsey) Ordinance, 2011, the Afghanistan (Restrictive Measures) (Alderney) Ordinance, 2011 and the Afghanistan (Restrictive Measures) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) No 2019/279. The amendment gives effect to a recent change to the list maintained under...

Council Regulation (EC) No 314/2004 has been amended by Commission Implementing Regulation (EU) 2019/283. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance...

Council Regulation (EC) No 314/2004 has been amended by Council Regulation (EU) 2019/278. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance, 2004; the...

Please be advised that one individuals has 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 2019/270. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the...