News

Council Regulation (EU) 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, has been amended by Council Regulation (EU) No 2017/1501. The Implementing Regulation is available here: Council Regulation (EU...

Please be advised that the United Nations Security Council has amended the details in respect of one individual (“the listed person”) on the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available...

The Commission has today published “ The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No. 2) 2017 ” (please click here) , which replaces the earlier version, published last month, which required some minor amendments.

The United Nations Security Council has added an individual (“the new listed person”) to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All persons on the UN list are subject to restrictive measures which include targeted financial sanctions. Further information is available here: https://www.un.org/press/en/2017...

Council Regulation (EU) No 2016/44, as implemented by the Libya (Restrictive Measures) (Guernsey) Ordinance, 2016, the Libya (Restrictive Measures) (Alderney) Ordinance, 2016 and the Libya (Restrictive Measures) (Sark) Ordinance, 2016, has been amended by Commission Implementing Regulation (EU) No 2017/1456. The amendments are automatically effective in the Bailiwick. The Implementing Regulation...

Council Regulation (EU) 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, has been amended by Commission Implementing Regulation (EU) No 2017/1457. The Implementing Regulation is available here...

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended ("the Financial Services Commission Law"); The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “Fiduciaries Law”); The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 as amended ("the...

The Commission has been notified of an unsolicited approach that was made to a resident of the Bailiwick of Guernsey by representatives of the above-named company. The Company claims to provide trading services in respect of shares, futures, precious metals and other commodities. The promotion of investment services in the Bailiwick of Guernsey constitutes a restricted activity under the...

On 3 May 2017, the Guernsey Financial Services Commission (“the Commission”) applied to the Royal Court of Guernsey under section 427 of The Companies (Guernsey) Law, 2008, to seek disqualification orders against both Mr and Mrs Doyle from acting as a director of any Guernsey company. On 16 August 2017, the Bailiff handed down his judgment in which he disqualified both Mr Doyle and Mrs Doyle from...