News

​ The EU has revised its sanctions list in relation to Belarus to include President Lukashenko and certain officials of Belarus. Accordingly, Council Implementing Regulation (EU) No 271/2011 has amended Annexes 1 and 1A to Council Regulation (EC) No 765/2006. Council regulation (EC) No 765/2006 is implemented in Guernsey by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006 which is made...

​ The States of Guernsey has adopted restrictive measures against certain persons and entities in view of the situation in Egypt. A link to the States of Guernsey press release can be found at here.

​The States of Guernsey has made The Libya (Restrictive Measures) (Guernsey) (Amendment) Ordinance, 2011, which amends the Libya (Restrictive Measure) (Guernsey) Ordinance, 2011. The Libya (Restrictive Measures) (Guernsey) (Amendment) Ordinance, 2011

NOTICE Bahrain, Egypt, Libya, Tunisia, Yemen Prescribed businesses should be alert to the potential for the increased movement of assets related to events in Bahrain, Egypt, Libya, Tunisia and Yemen and, potentially, other jurisdictions subject to significant unrest. When assessing risks related to particular business relationships and occasional transactions, prescribed businesses should consider...

NOTICE Bahrain, Egypt, Libya, Tunisia, Yemen Financial services businesses should be alert to the potential for the increased movement of assets related to events in Bahrain, Egypt, Libya, Tunisia and Yemen and, potentially, other jurisdictions subject to significant unrest. When assessing risks related to particular business relationships and occasional transactions, financial services businesses...

​ THE Deputy Director of Banking at the Guernsey Financial Services Commission will succeed Diane Colton as Director of Insurance. Jeremy Quick will take up the post with immediate effect. He is a Fellow of the Institute of Operational Risk, and has published several articles on the subject. He started his career at the Bank of England where he worked on developing world economics and banking...

​ The States of Guernsey has adopted restrictive measures against certain persons and entities in view of the situation in Libya. A link to the States of Guernsey press release can be found at here.

The States of Guernsey has adopted sanctions measures against certain persons and entities in view of the situation in Tunisia. A link to the States of Guernsey press release can be found at here.

​The Independent Commission on Equitable Life Payments (“ICELP”) The ICELP has just released its final advice to the Government “Equitable Life Payments Scheme: achieving a fair allocation and order of payments”. The recommendation is that the available £775m should be allocated to policyholders on a pro rata basis in proportion to the size of the Relative Losses suffered. This equates to 22.4% of...