Articles from 2015

The Commission is delighted to announce that the States of Guernsey have appointed Mrs Wendy Dorey as a new Commissioner. The vacancy arose following the retirement of Mrs Susie Farnon, the Commission’s former Vice-Chairman. Mrs Dorey is a Director of the investment consultancy firm Dorey Financial Modelling. She has over 15 years’ experience within the financial services industry including as...

​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 Yemen, Zimbabwe and Ukraine. Yemen Council Regulation (EU) No 1352/2014, as implemented in the Bailiwick by the Yemen (Restrictive Measures) (Guernsey) Ordinance, 2014, the Yemen (Restrictive Measures) (Alderney)...

HM Treasury has renewed the final designation of three entities and one individual under the Terrorist Asset-Freezing etc. Act 2010. They therefore remain Designated Persons for the purposes of the Act. In addition, the listing details of the individual have been amended. Details of the entities are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/470500...

​ The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended (“the Financial Services Commission Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended (the “Fiduciaries Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended (the “POI Law”) The Insurance Managers and...

Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987 from 26 October 2015 until 25 October 2020: controller, partner, director and money laundering reporting officer in relation to controlled investment business carried on by an entity licensed under the Protection of Investors Law. The Banking Supervision...

Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987 from 26 October 2015 until 25 October 2020: controller, partner, director and money laundering reporting officer in relation to controlled investment business carried on by an entity licensed under the Protection of Investors Law. The Banking Supervision...

Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987 from 26 October 2015 until 25 October 2020: controller, partner, director and money laundering reporting officer in relation to controlled investment business carried on by an entity licensed under the Protection of Investors Law. The Banking Supervision...

​This Notice is issued further to previous Sanctions Notices issued in relation to the removal of two individuals from the list of persons associated with Al-Qaida maintained under United Nations Security Council Resolution 1267, and the addition of eighteen individuals and two entities (“the listed persons”) to the list. Please be advised that corresponding changes have now been made to the list...

Council Regulation (EU) No 208/2014, as implemented in the Bailiwick by the Ukraine (Restrictive Measures) (Guernsey) Ordinance, 2015, the Ukraine (Restrictive Measures) (Alderney) Ordinance, 2015, and the Ukraine (Restrictive Measures) (Sark) Ordinance, 2015, has been amended by Council Implementing Regulation (EU) No 2015/1777. The Implementing Regulation is available here: Council Implementing...