Further to Michael Graham’s letter dated 3 March 2008, please find attached the following draft Regulations and Codes: The Insurance Business (Approved Assets) Regulations, 2008- DRAFT The Insurance Business (Asset and Liability Valuation) Regulations, 2008- DRAFT The Insurance Business (Annual Return) Regulations, 2008- DRAFT The Insurance Business (Duties of General Representative) Regulations...
In the spring of last year the Commission consulted on, amongst other matters: (i) amendments to the minimum criteria for licensing in the Banking Supervision (Bailiwick of Guernsey) Law, 1994; the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000; the Insurance Business (Bailiwick of Guernsey) Law, 2002; and the Insurance Managers...
Amendments to the Minimum Criteria for Licensing
PRESS RELEASE It has recently come to the attention of the Commission that Joseph Coutts, the former shareholder and managing director of St James Global Limited, may be trading as an insurance intermediary under the name St James Global from Monaco. The Commission understands that he may be trying to contact former clients of St James Global Limited to promote new products. St James Global...
St James Global Limited and Joseph Coutts
Claridges Trustees Limited, Claridges Trust Company (Guernsey) Limited, First Nominees Limited and Second Nominees Limited were authorised to conduct fiduciary activities under the transitional provisions of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 by virtue of a joint licence application made in 2001. This application...
Claridges Trustees Limited and Former Joint Fiduciary Licence Applicants Placed In Compulsory Liquidation
Claridges Trustees Limited, Claridges Trust Company (Guernsey) Limited, First Nominees Limited and Second Nominees Limited were authorised to conduct fiduciary activities under the transitional provisions of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 by virtue of a joint licence application made in 2001. This application...
Claridges Trustees Limited and former joint fiduciary licence applicants
It has recently come to the attention of the Commission that Joseph Coutts, the former shareholder and managing director of St James Global Limited, may be trading as an insurance intermediary under the name St James Global from Monaco. The Commission understands that he may be trying to contact former clients of St James Global Limited to promote new products. St James Global Limited is a...
St James Global Limited and Joseph Coutts
Claridges Trustees LimitedClaridges Trust Company (Guernsey) LimitedFirst Nominees LimitedSecond Nominees Limited (all incorporated in Guernsey and together referred to as “Claridges”) On 14 December 2007 the Guernsey Financial Services Commission gave notice to Claridges of the refusal of Claridges’ application for a full fiduciary licence under the Regulation of Fiduciaries, Administration...
Notice under section 13 of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2000 concerning Claridges Trustees Limited
The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 have now been signed by the Policy Council and, as anticipated, come into force on 15 December. The Commission is also now formally issuing the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing (containing rules and guidance) dated 15...
Legislation and Handbook - amendments to the Bailiwick's Framework for Countering Money Laundering and Terrorist Financing
Business from Sensitive Sources Notice 5