News

Sanctions Notice - Libya

19th December 2018
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 Council Regulation (EU) No 2018/2004.The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018/2004The effect of...

Revised Forms 142,143,145 & Guidance

18th December 2018
REVISED FORMS 142, 143, 145 & GUIDANCE The Commission has revised the information requested in the annual licensee return 142. Investment Audited Financial Statements and Compliance Returns (Licensee). Specific revisions are also reflected in 143. Investment Audited Financial Statements (Funds) and 145. Investment Quarterly Return.These revisions are in response to feedback from industry, with the...

September Quarter 2018 Statistics Show Increase

17th December 2018
Third Quarter 2018Investment Funds The net asset value of total funds under management and administration has increased in Sterling terms over the quarter ended 30 September 2018 by £4 billion (1.4%) to £280 billion. For the year since 30 September 2017, total net asset values increased by £11 billion (4.1%). Open-ended Funds Within these totals, Guernsey domiciled open-ended funds increased by £0...

Sanctions Notice - Somalia

12th December 2018
Council Regulation (EU) 356/2010, as implemented by the Somalia (Restrictive Measures) (Guernsey) Ordinance, 2012, the Somalia (Restrictive Measures) (Alderney) Ordinance, 2012 and the Somalia (Restrictive Measures) (Sark) Ordinance, 2012, has been amended by Council Implementing Regulation (EU) 2018/1933.The Implementing Regulation is available here:Council Implementing Regulation (EU) 2018...

Sanctions Notice - South Sudan

12th December 2018
Council Regulation (EU) 735/2015, as implemented in the Bailiwick by the South Sudan (Restrictive Measures) (Guernsey) Ordinance 2015, the South Sudan (Restrictive Measures) (Alderney) Ordinance 2016 and the South Sudan (Restrictive Measures) (Sark) Ordinance 2015, has been amended by Council Implementing Regulation (EU) 2018/1934.The Implementing Regulation, which is automatically and immediately...

Sanctions Notice - Ukraine

11th December 2018
Council Regulation (EU) 269/2014, as implemented by the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Guernsey) Ordinance 2014, the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Alderney) Ordinance 2014 and the Territorial Integrity etc. of Ukraine (Restrictive Measures) (Sark) Ordinance 2014, has been amended by Council Implementing Regulation (EU) No 2018/1929.The...

Instruction No. 03/2018 for Financial Services Businesses and Prescribed Businesses

7th December 2018
The Commission is today issuing Instruction Number 03/2018 for Financial Services Businesses and Prescribed Businesses, replacing and repealing Instruction No. 02/2018 issued on 3 August 2018.Changes to Instruction No. 03/2018 include the addition of The Bahamas, Botswana and Ghana. Further details in respect of the inclusion of these three jurisdictions can be found within Part B of the...

Insurer Annual Returns – Thematic Review 2018

6th December 2018
During late 2018 the Banking and Insurance Division undertook a thematic review on the annual returns of licensed insurers submitted through the online services portal. This involved engagement with licensed insurance managers, external audit firms, and a comprehensive assessment of annual returns.The findings of this thematic review have been compiled into a report, a copy of which can be found...

Sanctions Notice - Libya

29th November 2018
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 Council Implementing Regulation (EU) No 2018/1863.The Implementing Regulation is available here: Council Implementing Regulation (EU) 2018...

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

26th November 2018
Please be advised that one individual has been added to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained by the European Union under Council Regulation (EC) No 881/2002, by Commission Implementing Regulation (EU) No 2018/1809. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013...