Articles from 2019

Council Regulation (EU) 101/2011, as implemented in the Bailiwick by the Tunisia (Freezing of Funds) (Guernsey) Ordinance 2011, the Tunisia (Freezing of Funds) (Alderney) Ordinance 2011and theTunisia (Freezing of Funds) (Sark) Ordinance 2011, has been amended by Council Implementing Regulation (EU) 2019/132. The Implementing Regulation, which is automatically and immediately effective in the...

GUERNSEY FINANCIAL SERVICES COMMISSION ANNUAL FEES 2019 All businesses, entities and individuals licensed by or registered with the Guernsey Financial Services Commission are reminded that the payment of annual fees to the Commission are due by 31 January 2019. Where applicable, a late payment penalty fee will be applied for payments received after the due date in accordance with Regulation 2 of...

Council Regulation (EU) No 36/2012, as implemented in the Bailiwick by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2018 and corresponding Ordinances for Alderney and Sark, has been amended by Council Implementing Regulation (EU) No 2019/85. The effect of the amendments, which are automatically and immediately effective in the Bailiwick, is to add eleven individuals and five entities...

Council Regulation (EU) No 2018/1542, as implemented in the Bailiwick by the Chemical Weapons (Restrictive Measures) (Guernsey) Ordinance, 2018 and corresponding Ordinances for Alderney and Sark, has been amended by Council Implementing Regulation (EU) No 2019/84. The effect of the amendments, which are automatically and immediately effective in the Bailiwick, is to place nine individuals and one...

Council Regulation (EU) No 2017/1509, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2017, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2017, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2017, has been amended by Council Implementing Regulation (EU) No 2019/93. The effect of the amendments, which are automatically and...

Council Regulation (EU) 269/2014, as implemented by the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Guernsey) Ordinance 2014, the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Alderney) Ordinance 2014 and the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) No 2019/92. The...

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 2019/24, and Council Implementing Regulation (EU) 2018/1071 has been repealed. The effect of the amendment is to add two persons and one entity to the persons, groups and entities on the list. The Implementing Regulation is available...

United Nations Security Council Resolution 1518, as implemented in the Bailiwick by the Iraq (United Nations Sanctions) Channel Islands Order 2000, has been amended. The effect of the amendments, which are automatically effective in the Bailiwick, is to remove three entities from the list of persons and entities subject to financial restrictions under Resolution 1518. Further details about the...

The GFSC was one of the 12 founding members of the Global Financial Innovation Network (“GFIN”) and a contributor to a consultation paper circulated in August 2018, which set out the initiative. As financial innovation is one of the main purposes for involvement, the GFSC is hosting a round table discussion on the topic, “the GFIN SoundBox Dash” which will take place on 18 January 2019 between 12...