News

Articles from 2018

Instruction No. 01/2018 for Financial Services Businesses and Prescribed Businesses

16th March 2018
The Commission is today issuing Instruction Number 01/2018 for Financial Services Businesses and Prescribed Businesses replacing Instruction No. 04/2017 issued on 5 December 2017. Changes to instruction 01/2018 include the removal of Bosnia and Herzegovina and the addition of Serbia. Further details in respect of these changes can be found within Part B of the Instructions. The Commission would...

Engagement on draft Regulation of Fiduciaries Law

15th March 2018
The Commission is seeking feedback on the provisions of the draft Regulation of Fiduciaries Law specifically whether the amendments may have any unintended consequences or contain fatal flaws. The engagement paper which the Commission has published sets out the topics upon which assistance is requested and questions regarding unintended consequences and whether there are any significant issues in...

Sanctions Notice - Ukraine

14th March 2018
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 2018/388. The...

Sanctions Notice - Central African Republic

14th March 2018
Council Regulation (EU) 224/2014, as implemented in the Bailiwick by the Central African Republic (Restrictive Measures) (Guernsey) Ordinance, 2014, the Central African Republic (Restrictive Measures) (Alderney) Ordinance, 2014 and the Central African Republic (Restrictive Measures) (Sark) Ordinance, 2014, has been amended by Council Regulation 2018/387. The effect of the amendments, which are...

Draft Protection of Investors (Bailiwick of Guernsey) Law, 2018 - drop-in session

12th March 2018
Following release on 1 February 2018 of the draft Protection of Investors (Bailiwick of Guernsey) Law, 2018 for engagement (see here for the news article), the Commission will be hosting a drop-in session on 22 March 2018 between 8.30am and 9.30am. Please join us to discuss the draft Law and have a coffee and a croissant. The engagement paper in relation to the amendment to the Protection of...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

9th March 2018
This Notice is issued further to the previous Sanctions Notice issued in relation to the addition of three entries to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that corresponding changes have now been made to the list maintained by the European Union under Council Regulation...

Sanctions Notice - ISIL (Da’esh) and Al-Qaida Network

7th March 2018
Please be advised that the United Nations Security Council has added three entries to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All entities on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here: https://www.un.org/press/en...

Sanctions Notice - Ukraine

7th March 2018
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 2018/326. The effect of the amendments, which are automatically effective in...