News

Commission’s Senior Counsel appointed as Chair of the ICAEW’s regulatory board

18th January 2022
Philip Nicol-Gent, Senior Counsel at the Commission, has been appointed as Chair of the ICAEW’s regulatory board. This is the independent board responsible for oversight of ICAEW’s regulatory and disciplinary work, undertaken by the Professional Standards Department, to ensure it is carried out in the public interest. Philip has been the Vice-Chair of the ICAEW’s regulatory board since May 2017.

Sanctions Notice - Global Human Rights

17th January 2022
Please be advised that two individuals have been designated under the Global Human Rights Sanctions Regulations 2020; these are implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. Dmitry Vadimovich KOVTUN and Andrey Konstantinovich LUGOVOY are subject to an asset freeze and will appear on the consolidated list, which can...

Sanctions Notice - ISIL (Da'esh) and Al-Qaida

4th January 2022
Please be advised that the United Nations Security Council Committee has added one individual and one entity to the ISIL (Da'esh) and Al-Qaida Organisations financial sanctions regime. Ashraf al-Qizani, a Tunisian national said to be a senior member of ISIL, and Jund al-Khilafah in Tunisia (JAK-T), an ISIL affiliate, have been added to the UN’s ISIL (Da’esh) and Al-Qaida sanction list. These...

Distribution of 2022 annual fee invoices to Licensees and Registrants

23rd December 2021
The Commission has now sent its 2022 annual fee invoices to licensees and registrants by email. If you have not received an invoice you should contact '[email protected]' quoting the entity name and the GFSC reference number, which can be found on our website (Regulated Entities and Registered Entities). You may also contact this email address to confirm the validity of an emailed invoice...

Sanctions Notice - Central African Republic

22nd December 2021
Please be advised that ALI DARASSA has been designated under the Central African Republic (Sanctions) (EU Exit) Regulations 2020 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions...

Sanctions Notice - ISIL (Da'esh) and Al-Qaida

22nd December 2021
Please be advised that SANAULLAH GHAFARI has been designated under the ISIL (Da'esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the...

September Quarter 2021 Investment Statistics

22nd December 2021
Third Quarter 2021 Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £17.4 billion (6.4%) to £290.0 billion. Over the past year, total net asset values have increased by £53.8 billon (22.8%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £2.2 billion (4.4%) to £52.2...

Hansard Limited, Andrew Neil Parr, Alan Peter Northmore, Philip Clive Blows, David Samuel Lloyd, Lynn Giovinazzi

22nd December 2021
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the “Fiduciaries Law”) The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (“the Regulations”) The...

Sanctions Notice - Burundi

16th December 2021
Please be advised that there has been a change to the Burundi sanctions regime. The Policy and Resources Committee has made the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) (Amendment - Burundi) Regulations, 2021, which are now in force and can be found here. These Regulations amend the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit)...