Investment

​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 Liberia, Cote d'Ivoire and Syria. LIBERIA In recognition of the sustained progress made by the Government of Liberia in rebuilding Liberia for the benefit of all of its citizens in the wake of the civil war in...

HM Treasury has renewed the final designation of one individual under the Terrorist Asset-Freezing etc. Act 2010. The individual therefore remains a Designated Person for the purposes of the Act. Details of the individual are available here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/521530/TAFA_Renewal_Notice_050516v2.pdf HM Treasury has also allowed the designation...

A number of amendments have been made to the sanctions regime imposed by Council Regulation (EC) No 329/2007, as implemented in the Bailiwick by the North Korea (Restrictive Measures) (Guernsey) Ordinance, 2007, the North Korea (Restrictive Measures) (Alderney) Ordinance, 2007, and the North Korea (Restrictive Measures) (Sark) Ordinance, 2007. These amendments are automatically and immediately...

​Investment Funds The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 31 March 2016 by £10.4 billion (4.56%) to £238 billion. For the year since 31 March 2015, total net asset values increased by £15.8 billion (7.1%) . Within these totals Guernsey domiciled open-ended funds increased by £1.4 billion (3.58%) over the quarter...

​As of 1 July 2016 the Financial Crime Risk Return (“the FCR Return”) will become available for all firms to complete on the Commission’s Online Submissions Portal. The Commission would remind all licence holders and registered businesses that the deadline for completion of the FCR Return is 31 October 2016. No changes have been made to the FCR Return and the manner of completion remains the same...

The Online Submissions Portal will be undergoing planned maintenance from 10.00am on Saturday 28th May, which will continue over the bank holiday weekend. During this time the Portal will be temporarily unavailable. We apologise for any inconvenience caused, we expect to be back online by the morning of Tuesday 31st.

​ Following the conclusion of the consultation process the Commission is, today, pleased to announce the launch of the Manager-Led Product. As announced at consultation, this phase of product development is aimed at Alternative Investment Fund Managers seeking to market an Alternative Investment Fund into a host country in Europe under the National Private Placement Regime. The product ensures a...

​Guernsey’s financial services regulator has published a consultation paper following a decision made by the States of Guernsey in January of this year to increase the discretionary financial penalties which the Commission is able to apply in cases where there have been serious regulatory shortcomings (Billet d’Etat V of 2016 https://www.gov.gg/CHttpHandler.ashx?id=99971&p=0). The legislation...

ISIL (DA’ESH) AND AL-QAIDA NETWORK This Notice is issued further to the addition of five natural persons to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. Please be advised that corresponding changes have now been made to the list maintained by the European Union under Council Regulation (EC) No 881/2002 by...