Banking

​On 17 August 2015, the Commission made the following Prohibition Orders against Martyn Paul Gordon (Date of Birth 22 July 1972) of La Corniche, La Mine Doree, Rue de la Boullerie, St Andrews, Guernsey, GY6 8XQ: The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000​from 17 August 2015 until 16 August 2029: any function in relation to...

Please be advised that the United Nations Security Council has amended the list of persons associated with 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. The effect of the amendments is to add one entity to the list, and to amend the details in respect of an...

​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 Afghanistan, Al-Qaida Network, Belarus, Iran and Terrorism and Terrorist Financing. AFGHANISTAN Council Regulation (EU) No 753/2011, as implemented in the Bailiwick by the Afghanistan (Restrictive Measures)...

Council Implementing Regulation (EU) No 284/2014 in respect of Council Regulation (EU) No 269/2014 of 17 March 2014, as implemented in the Bailiwick 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...

Please be advised that the United Nations Security Council has amended the details relating to 1 individual on the list of persons associated with 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 information about the amendment is available here: http://www.un...

The Commission is today issuing Instruction Number 03/2015 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. 03/2015 for Financial Services Businesses Instruction No. 03/2015 for Prescribed Businesses 16 July 2015

​Council Regulation (EC) No 765/2006 of 18 May 2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006, the Belarus (Freezing of Funds) (Alderney) Ordinance, 2006 and the Belarus (Freezing of Funds) (Sark) Ordinance, 2006, has been amended by Council Implementing Regulation (EU) No 2015/1133. The Implementing Regulation is available here: Council...

The Guernsey Financial Services Commission (“Commission”) invites comments on this consultation paper. The Commission seeks feedback on proposed changes to regulatory capital adequacy requirements for licensed banks incorporated in the Bailiwick. The substantive changes proposed are as follows: · Revised definitions of regulatory capital; · Establishment of new minimum regulatory capital...

Council Implementing Regulation (EU) No. 740/2014 in respect of Council Regulation (EC) No. 765/2006 of 18 May 2006, as implemented in the Bailiwick by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006, the Belarus (Freezing of Funds) (Alderney) Ordinance, 2006 and the Belarus (Freezing of Funds) (Sark) Ordinance, 2006, is subject to a Corrigendum. The Corrigendum to the Implementing...