Articles from 1998-2010

Second Quarter 2005 investment Statistics

14th August 2005
Funds under management and administration in Guernsey grew by £8.5 billion over the quarter ended 30 June 2005 to reach a total of £84.1 billion. This represented growth of 11.2% over the quarter. Over the year to June 2005, the total value of funds grew by over £20 billion, an increase of 32.1%. Within that total, open-ended funds showed the strongest growth, increasing in value over the quarter...

First Quarter 2005 Investment Statistics

6th June 2005
​Total investment funds under management and administration in the Bailiwick increased by £2.0 billion over the quarter ended 31 March 2005. This represented a growth of 2.7% over the quarter and 24.5% compared with March 2004. Within that total there were a number of significant developments. The value of non-Guernsey schemes for which some aspect of management or administration is conducted in...

GFSC Announce the Launch of Channel Islands Splits Adjudication Scheme

1st June 2005
CISAS has been established by the GFSC, the Jersey Financial Services Commission ("JFSC") and the Firms named at the end of this statement pursuant to the Split Capital Investment Trust ("Splits") settlement agreement dated 24 December 2004, details of which were given in the announcement made by the GFSC on that date. A copy of that announcement can be found on the GFSC's website. CISAS is...

Annual Returns from Fiduciary licensees for the period 1 July 2004 to 30 June 2005

27th May 2005
The forms for Annual Returns from holders of or applicants for a fiduciary licence are now available below for completion electronically. Before completing either form, please read the introductory note carefully. Please note that the section requesting information on the value of assets of which the licensee or applicant is trustee of, or which are under the licensee's/applicant's administration...

Equitable Life Assurance Society Limited

11th May 2005
​Parliamentary Ombudsman Confirms Guernsey Policyholders Covered by Investigation In our press release of 21 February 2005 we indicated that the Commission had made a submission to Iain Ogilvie who is conducting the investigation into the regulation of Equitable Life Assurance Society ("Equitable Life") on behalf of the Parliamentary Ombudsman, that Guernsey policyholders should be covered by the...

Introducer Certificate

4th May 2005
​The Fiduciary Sector Policy Forum (FSPF) and the Association of Guernsey Banks (AGB) have worked closely with the Commission to produce an introducer certificate, in order to develop a consistent approach to the provision of information in respect of the underlying principals of business introduced by fiduciaries in the Bailiwick to local banks. The FSPF and AGB have now agreed the contents of...

Introduced Business - Statement No. 2

27th April 2005
27 April 2005 Representatives of the finance sector in Guernsey have requested clarification of the Commission's policy on certain aspects of introduced business. Accordingly, following consultation with the Joint Money Laundering Steering Group, the Commission has today issued Statement No. 2 on introduced business to the finance sector. Enquiries should be made to: Sylvia Sirett Senior Analyst...

Trust Law Working Party

8th March 2005
The Trust Law Working Party, set up by the Department of Commerce and Employment under the auspices of the Financial Industry Policy Advisory Group, has published a statement of its terms of reference and an invitation for interested parties to make submissions by 30 April 2005. Details of the subjects on which comments are particularly sought are set out in the statement.

Public Announcement - Code of Market Conduct Consultation

23rd February 2005
​In accordance with the provisions of section 41D(1) of the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended, the Commission has today published a draft Code of Market Conduct for public consultation. The purpose of the proposed code is to provide appropriate guidance to those determining whether or not behaviour amounts to market abuse. The draft code and the associated...