Investment

​The Commission has recently become aware that a number of firms using our Online Services are using software that is no longer supported by the manufacturer and is therefore classed as end-of-life. Software manufacturers do not ordinarily provide security updates (commonly known as patches) for software that is unsupported. As noted in the Commission’s guidance on cyber security (published on 2nd...

Guernsey’s financial services regulator has published a guidance note on its general approach to the enforcement process which it administers. This brings together the extensive public guidance which is already available on the Commission’s website. The paper has been published in response to a decision made by the States of Guernsey in January of this year requiring the Commission to publish such...

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 Central African Republic, North Korea and Iran. Central African Republic Council Regulation (EU) 224/2014, as implemented by the Central African Republic (Restrictive Measures) (Guernsey) Ordinance, 2014, the...

The Commission invites comments on this consultation paper and seeks feedback on the proposed introduction of the Manager Led Product. This consultation arises from discussions held by the Investment Supervision and Policy Division with government and stakeholders over the course of the first quarter of 2016. This proposal endeavours to ensure a proportionate risk-based level of product regulation...

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 Libya and ISIL (Da’esh) and the Al-Qaida Network. LIBYA Council Regulation (EU) No 2016/44, as implemented by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016, has been amended by Council Implementing...

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 the Russian Federation, together with ISIL (Da’esh) and the Al-Qaida Network. RUSSIAN FEDERATION EU officials have issued a warning to EU banks about the first issuance of sovereign bonds by the Russian Federation...

​ Further to the Commission’s news release of 16 March 2016 concerning the release of Returns 141a and 141b for submission effective quarter ending 31 March 2016. These returns were due to be made accessible from 1 April 2016, however, we have during the final go live process been deliberating the usefulness of the data we have traditionally collated around sub-funds. As a result we have decided...

​ With reference to the Commission’s news release of 16 March 2016 the Return 145 will be available via the Online Submission Portal from 1 April 2016. The Commission has issued guidance on how to complete the Return 145. The guidance is in the form of annotated screenshots for each of the Investment Licensee sectors. Guidance on the Investment Quarterly Return 145 As stated on 16 March 2016 the...

​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 ISIL (Da’esh) and Al-Qaida Network, Ukraine and Central African Republic. ISIL (DA’ESH) AND AL-QAIDA NETWORK Amendments have been made to the Al-Qaida sanctions regime under Council Regulation (EC) No 881/2002 by...