Articles from 2014

There have been a number of developments in relation to the Bailiwick’s sanctions regime. Measures which should be taken as a result are set out at the end of this notice. CRIMEA AND SEVASTOPOL The Crimea and Sevastopol (Restrictive Measures) (Guernsey) Ordinance, 2014 has been amended by the Crimea and Sevastopol (Restrictive Measures) (Guernsey) (Amendment) Ordinance, 2014. The amendment...

Please be advised that guidance on prohibitions and authorisations in respect of exports and related financial assistance under the EU’s sanctions against the Russian Federation has been issued by the European Commission. The EU sanctions in relation to the Russian Federation have been implemented in the Bailiwick by the Russian Federation (Restrictive Measures) (Guernsey) Ordinance, 2014, the...

It has recently come to the Commission's attention that a company called West Capital Partners Inc. of New York has been making unsolicited approaches (a practise known as 'cold calling') to a number of Bailiwick residents. The purpose of this notice is to advise that the company is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial services...

The Commission is today issuing Instruction Number 07/2014 for Financial Services Businesses and Prescribed Businesses, copies of which can be accessed on the FC&A section of the Commission’s website: Instruction No. 07/2014 for Financial Services Businesses and Instruction No. 07/2014 for Prescribed Businesses 18 December 2014

​Please be advised that there has been an amendment to the sanctions regime in relation to Syria. Measures which should be taken as a result are set out at the end of this notice. SYRIA Council Regulation (EU) 36/2002, as implemented by the Syria (Restrictive Measures) (Guernsey) Ordinance, 2012, the Syria (Restrictive Measures) (Alderney) Ordinance, 2012 and the Syria (Restrictive Measures) (Sark...

​Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime in relation to the Ukraine, the Central African Republic and the Russian Federation, which are set out below. Measures which should be taken as a result are set out at the end of this notice. UKRAINE Council Regulation (EU) 269/2014, as implemented by the Territorial Integrity etc. of...

Please be advised that there have been a number of developments in relation to the Bailiwick’s sanctions regime, which are set out below. These developments concern sanctions relating to the Al-Qaida network and terrorist asset freezing measures. Measures which should be taken as a result are set out at the end of this notice. AL–QAIDA NETWORK Council Regulation (EC) No 881/2002 of 27 May 2002, as...

​Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987 from 3 December 2014: any function in relation to controlled investment business carried on by an entity licensed under the Protection of Investors Law. The Banking Supervision (Bailiwick of Guernsey) Law, 1994 from 3 December 2014: any function in relation to a...

Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987 from 3 December 2014: any function in relation to controlled investment business carried on by an entity licensed under the Protection of Investors Law. The Insurance Business (Bailiwick of Guernsey) Law, 2002 from 3 December 2014: the functions of controller...