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First Quarter 2022 Investment Statistics

20th May 2022
Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £6.0 billion (2.0%) to £309.6 billion. Over the past year, total net asset values have increased by £45.9 billon (17.4%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds decreased over the quarter by £0.1 billion (-0.2%) to £54.4 billion. This represents...

VTBC Asset Management International Limited

18th May 2022
On 29 April 2022, the Guernsey Financial Services Commission, acting pursuant to powers granted to it under the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020, made an application to the Royal Court for an administration management order in relation to the Company, a company licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. The...

The Commission joins the Taskforce on Nature-related Financial Disclosure Forum

12th May 2022
The Commission is pleased to announce that its application for membership of the Taskforce on Nature-related Financial Disclosure (TNFD) Forum has been accepted. In joining the TNFD Forum - whose membership already includes major environmentally focused regulators such as the Bank of England and Banque de France - the Commission aims to further the Bailiwick’s aim of developing as a leading centre...

The Bailiwick’s compliance with financial sanctions

11th May 2022
The Commission has today issued its report on the thematic review of its licensees’ effectiveness in monitoring and compliance with targeted financial sanctions. The results showed that the sanctions screening systems that firms use are effective. A copy of the thematic review can be found on the Financial Crime Division's Thematic Reviews page. The Commission undertook this work in 2021 having...

VTBC Asset Management International Limited (“the Company”)

6th May 2022
On 29 April 2022, the Guernsey Financial Services Commission, acting pursuant to powers granted to it under the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020, made an application to the Royal Court for an administration management order in relation to the Company, a company licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. The...

Enhancing Sustainable Finance in the Bailiwick

5th May 2022
The Commission has today published a Consultation Paper proposing the introduction of a Natural Capital Fund regime. It is also, through a separate Consultation Paper, bringing forward proposals to counter the risk of greenwashing. Both Consultation Papers can be found here. Creating an Ecosystem for Natural Capital Investment The first Consultation Paper proposes the creation of a Natural Capital...

New Commissioner appointed

5th May 2022
The Commission is pleased to announce that the States of Guernsey have appointed Mr Stuart King as a new Commissioner. The vacancy arose following the retirement of Drs Cees Schrauwers. Mr King is a non-executive director at Pension Corporation, the UK pension annuity specialist, and an independent consultant. Previously Mr King was the Group Compliance Director at Aviva and a Managing Director at...

Notice of Application for Administration Management Order

26th April 2022
VTBC Asset Management International Limited (“the Company”) Registration No. 52383 NOTICE IS HEREBY GIVEN pursuant to section 82(5)(b) of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 that at 9:30am on Friday the 29th April 2022 an application will be made to the Royal Court for an administration management order in relation to the Company.

Fourth Quarter 2021 Investment Statistics

7th March 2022
Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £13.6 billion (4.7%) to £303.6 billion. Over the past year, total net asset values have increased by £58.1 billon (23.7%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £2.3 billion (4.4%) to £54.5 billion. This represents...