Investment

The Commission has written to financial services businesses in connection with Eurozone risk management.  The Commission has noted that continuing action by governments in the Eurozone might not achieve the desired effect of improving financial stability.   One or more Eurozone members may exit from Euro currency union, and reversion to local currencies is possible.  Accordingly, the…

​Please note that invoices for 2012 annual fees will be issued in December 2011 and therefore payment is expected for the following: Current Licensees Current Open-ended Schemes ( and their underlying cell, classes, sub-funds) Current Closed-ended Schemes Current Non-Guernsey Schemes Exempt Funds - authorised after 2009 If any of the above will not continue in 2012 and therefore should not be…

​ GUERNSEY FUNDS IMPACTED BY UNCERTAINTY IN EUROZONE AS TOTAL FUNDS UNDER MANAGEMENT DECREASES OVER QUARTER   Investment Funds   The uncertainty in the Eurozone and subsequent upheaval in the international markets appears to have impacted on Guernsey Funds with the net asset value of total funds under management and administration decreasing by £3.4 billion (-1.2%) over the quarter ended 30…

​Quarterly reminder regarding the Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 2010 (“the Regulations”)   Please note the requirements as set out under the Regulations, a copy of which can be found here. If the relevant entity is late in submitting annual returns by the mandated deadline* they will be subject to the penalties as…

​On 28 of November the Commission issued: Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.

​On 22nd of November the Commission issued the following instructions in relation to Iran: Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses  

​Please note that invoices for 2012 annual fees will be issued in December 2011 and therefore payment is expected for the following: Current Licensees Current Open-ended Schemes ( and their underlying cell, classes, sub-funds) Current Closed-ended Schemes Current Non-Guernsey Schemes Exempt Funds - authorised after 2009 If any of the above will not continue in 2012 and therefore should not be…

​ The Commission has today issued the Finance Sector Code of Corporate Governance.  A copy of the press release and the Code can be found below:     Press release   Code of Corporate Governance

​ FUNDS UNDER MANAGEMENT CONTINUE TO GROW STATISTICS FOR NON-FUND INVESTMENT SECTOR RELEASED   Investment Funds   The net asset value of total funds under management and administration grew by £10.8 billion (4.1%) over the quarter ended 30 June 2011 to £274.5 billion. For the year since 30 June 2010, total net asset values increased by £50.2 billion (22.5%).   Within these totals…

On 9th August the Commission issued a letter regarding the Eurozone and the United States to all non-branch financial services businesses and collective investment schemes.  For a copy of the letter, please click here.