Articles from 2018

HM Treasury has renewed the final designation of three persons under the Terrorist Asset-Freezing etc. Act 2010. The persons therefore remain a Designated Persons for the purposes of the Act. Details of the persons are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/682494/TAFA_Renewal_Notice_20.02.18-_Al-Nasser_Al-_Yacoub_Izz-Al-Din_PDF.pdf Persons who...

Council Regulation (EC) No 314/2004 has been amended by Commission Implementing Regulation (EU) 2018/223. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance...

Please be advised that the United Nations Security Council has amended the details in respect of one individual (“the listed person”) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available...

Financial Resources Requirements Rules, 2018 ("the FRR Rules") Following consultation with fiduciary licensees, external parties and the Guernsey Association of Trustees, the Commission is pleased to issue the FRR Rules , which come into force on 28 February 2018 . The Commission is grateful for the contributions made by those parties. The FRR Rules replace those requirements found under a number...

The Commission has issued a Feedback Statement regarding the LCF Consultation Paper on the GFSC Citizen Space Consultation Hub. Feedback Statement

HM Treasury has renewed the final designation of four persons under the Terrorist Asset-Freezing etc. Act 2010. The persons therefore remain a Designated Persons for the purposes of the Act. Details of the persons are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/680016/TAFA_Renewal_Notice_06-01-18_Mishaal-_Marzouk-_Hamdan-_Al-Alami.pdf Persons who are...

Council Regulation (EU) 735/2015, as implemented in the Bailiwick by the South Sudan (Restrictive Measures) (Guernsey) Ordinance 2015, the South Sudan (Restrictive Measures) (Alderney) Ordinance 2016and theSouth Sudan (Restrictive Measures) (Sark) Ordinance 2015, has been amended by Council Implementing Regulation (EU) 2018/164. The Implementing Regulation, which is automatically and immediately...

The consultation process closed on 4 September 2017 and the Investment Supervision and Policy Division has received a number of responses. The Division is grateful to everyone who took the trouble to respond. The Division is giving careful consideration to the views and opinions expressed by respondents and further discussions will be held with the Guernsey Investment Fund Association before...

The Commission is seeking feedback on the provisions of the draft Protection of Investors 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 engagement papers which the Commission has published set out the topics upon which assistance is requested and questions...