News

Fourth Quarter 2021 Investment Statistics

7th March 2022
Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £13.6 billion (4.7%) to £303.6 billion. Over the past year, total net asset values have increased by £58.1 billon (23.7%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £2.3 billion (4.4%) to £54.5 billion. This represents...

Sanctions Notice - Russia - New guidance

7th March 2022
Please be advised that the UK has updated its Russia guidance in line with the current and emerging circumstances of Russia’s invasion of Ukraine. All businesses are required to be proactive in monitoring the emergence of new sanctions and the changes to previous designations. All actions taken by the UK in regard to Russia sanctions can be found at this address as soon as they are made: Financial...

Sanctions Notice - Russia

4th March 2022
Please be advised that two persons have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations); these are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law). The following persons are...

Enhanced Authorisations Approach to some Applications

3rd March 2022
This notice is to provide notification that, in light of the war in Ukraine, any application involving individuals, entities or investments connected with Russia is ineligible for consideration through any of the Commission’s fast-track application regimes. The Commission will expect any application to be accompanied by reputable legal advice confirming the individuals and entities involved have...

Sanctions Notice - Russia

2nd March 2022
Please be advised that i n light of recent events in Ukraine, the UK has made some further amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK Russia regime). The UK Russia regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 (the Bailiwick regulations). These latest amendments to the UK Russia...

Sanctions Notice - Russia

2nd March 2022
Please be advised that, i n light of recent events in Ukraine, the UK has made some amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK Russia regime). The UK Russia regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 (the Bailiwick regulations). The amendments to the UK Russia regime...

Sanctions Notice - Russia

1st March 2022
Please be advised that six persons have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations); these are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law). The following persons are...

Sanctions Notice - Russia

1st March 2022
Please be advised that three entities have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations); these are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law). The following persons...

Sanctions Notice - Russia - Further measures

25th February 2022
Please be advised that, following Russia’s invasion of the Ukraine, further sanctions measures are expected to be introduced in addition to the designations already made this week. In addition to new measures being introduced by the UK, all of which are automatically applicable within the Bailiwick, amendments to previous listings have been and may continue to be issued. All businesses are...