Articles from 2018

Following release on 15 th March 2018 of the draft Regulation of Fiduciaries, Administration Businesses & Company Directors, etc. (Bailiwick of Guernsey) Law, 2018 for engagement (see here for the news article), the Commission will be hosting a drop-in session on 19 th April 2018 between 8.30am and 9.30am. Please join us to discuss the draft Law and have a coffee and a croissant. The engagement...

Council Regulation (EU) 747/2014, as implemented in the Bailiwick by the Sudan (Restrictive Measures) (Guernsey) Ordinance 2014, the Sudan (Restrictive Measures) (Alderney) Ordinance 2014 and the Sudan (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) 2018/512. The Implementing Regulation, which is automatically and immediately effective in the...

Council Regulation (EU) 270/2011, as implemented by the Egypt (Freezing of Funds) (Guernsey) Ordinance, 2011, the Egypt (Freezing of Funds) (Alderney) Ordinance, 2011 and the Egypt (Freezing of Funds) (Sark) Ordinance, 2011, has been amended by Council Implementing Regulation (EU) 2018/465. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/465 The effect of...

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 2018/468. The effect of the amendment is to update the information relating to the persons, groups and entities on the list. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/468 Persons who are...

The Commission is seeking feedback on the provisions of the draft Protection of Investors Law, the draft Regulation of Fiduciaries Law and the definitions which are proposed to be used across the revised supervisory laws and specifically whether these may have any unintended consequences or contain fatal flaws. The Commission has published engagement papers in relation to these setting out the...

The Commission has issued a Feedback Statement regarding the previously issued Insurance Capital Standards Discussion Paper. The Feedback Statement may be found here.

The Investment Supervision and Policy Division has issued a new Private Investment Fund FAQ, and has updated and reissued the PIF Form. Links to both may be found here (FAQs) and here (PIF Form)

Council Regulation (EU) 356/2010, as implemented by the Somalia (Restrictive Measures) (Guernsey) Ordinance, 2012, the Somalia (Restrictive Measures) (Alderney) Ordinance, 2012 and the Somalia (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) 2018/413. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/413...

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 2018/420. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/420...