Investment

Click link below to the consultation paper on fee rate proposal 2012: Consultation paper fee rate Proposals 2012

On 4th of August the Commission issued: Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.  

Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing has been revised to add Bulgaria, Estonia, Latvia, Lithuania and Liechtenstein as jurisdictions whose authorised financial services businesses may be treated as if they were local.  A version of the revised Handbook, which includes coloured text to show the changes, has been…

The Commission has made a number of changes to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing.  The principal changes are to the chapters on Reporting Suspicion and UN, EU and Other Sanctions.  A copy of the…

​ 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 £6.2 billion (2.4%) over the quarter ended 31 March 2011 to £263.6 billion.  For the year since 31 March 2010, total net asset values increased by £66.2 billion (33.6%).   Within these totals…

​ FIVE new Deputy Directors have been appointed at the Guernsey Financial Services Commission. They will fill four vacant positions besides one newly created. All the successful candidates have been recruited from inside the Commission. The new post is a second Deputy Director of the Investment Business Division, in order to strengthen the department. The appointments are: Emma Bailey and…

​ The Commission has placed a revised draft of the Finance Sector Code of Corporate Governance on the consultation page of its website.  Any comments on the Code should be provided in writing to the Policy and International Affairs team at the Commission by close of business on 1 June.   Code of Corporate Governance - Consultation Paper for GFSC

​ On 4th April the Commission issued:   Instruction (Number 12) for Financial Services Businesses   and   Instruction (Number 10) for Prescribed Businesses   For repealed Instructions and Business from Sensitive Sources Notices, see the Business from Sensitive Sources & Instructions page of this website.

​ 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 £14.3 billion (5.9%) over the quarter ended 31 December 2010 to £257.4 billion.  For the year since 31 December 2009, total net asset values increased by £73.2 billion (39.7%).   Within these…

​The IMF has today published six reports arising from its evaluations in March and May 2010 of the Bailiwick’s financial supervision and criminal justice frameworks.  The reports commend Guernsey as having financial sector regulation and supervision of a high standard across all sectors, and a legal framework which provides a sound basis for an effective AML/CFT regime, with preventive…