News

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

20th January 2017
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...

Amended Licensee (Conduct of Business) Rules

18th January 2017
The consultation period for amendments to the Licensee (Conduct of Business) Rules has now ended and the new rules have now been published. A link to the Investment Legislation and Guidance page can be found here .

Sanctions Notice - Iran

18th January 2017
Council Regulation (EU) No 267/2012, as implemented in the Bailiwick by the Iran (Restrictive Measures) (Guernsey) Ordinance, 2012, the Iran (Restrictive Measures) (Alderney) Ordinance, 2012 and the Iran (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Regulation (EU) No 2017/77. The Implementing Regulation is available here: Council Implementing Regulation (EU) 2017/77...

Sanctions Notice - North Korea

18th January 2017
NORTH KOREA 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 2017/80. The Implementing Regulation is available...

Third Quarter Investment Statistics 2016

17th January 2017
Third Quarter 2016 Investment Funds The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 September 2016 by £2 billion (0.9%) to £249.4 billion. For the year since 30 September 2015, total net asset values increased by £24.6 billion (10.9%) . Open-ended Funds Within these totals Guernsey domiciled open-ended funds increased...

Sanctions Notice - Terrorism and Terrorist Financing

10th January 2017
TERRORISM AND TERRORIST FINANCING 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/582358/TAFA_renewal_Notice_KSM_2017.pdf Persons...

Sanctions Notice - Terrorism and Terrorist Financing

10th January 2017
TERRORISM AND TERRORIST FINANCING The list of persons subject to restrictive measures under Council Regulation 2580/2001 (the EU Regulation) has been amended by Commission Implementing Regulation (EU) No 2016/2373. The effect of the amendments is to add three individuals (the listed persons) to the list, which is set out in the annex to Council Implementing Regulation (EU) 2016/1127. Details of...

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

9th January 2017
This Notice is issued further to a previous Sanctions Notice issued in relation to the addition of an individual to the list of persons associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267 ( the listed person). Please be advised that a corresponding change has now been made to the list maintained by the European Union under Council Regulation...

Strategy of the Investment Supervisory and Policy Division in respect of the Fund Sector

22nd December 2016
Announcement Strategy of the Investment Supervisory and Policy Division in respect of the Fund Sector During 2016 the Guernsey Financial Services Commission launched the Manager Led Product and the Private Investment Fund. This marked an intent by the Commission to respond to international challenges, servicing its mission statement of “Confidence in the Bailiwick: Securing good regulatory...