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The Commission has published some FAQs on the consumer pages of its website to help inform consumers. These aim to provide easily accessible and clear information on the possible impact of coronavirus (Covid-19) on travel insurance and medical insurance for people living in the Bailiwick. With the Foreign and Commonwealth Office now advising against "all but essential travel" to Italy, it has...

The Commission's Conduct Unit has added some additional FAQs to the consumer pages of the Commission's website to help inform consumers. These latest FAQs aim to provide easily accessible and clear information on the possible impact of coronavirus (Covid-19) on travel insurance and medical insurance for people living in the Bailiwick. The FAQs can be found here .

The Commission is today issuing Instruction No. 01/2020 for Specified Businesses, replacing and repealing Instruction No. 03/2019 for Specified Businesses issued on 29 November 2019. Changes since Instruction No. 03/2019 include the addition of Albania, Barbados, Jamaica, Mauritius, Myanmar, Nicaragua and Uganda, and the removal of Trinidad and Tobago. Further details in respect of these...

Please be advised that the UN Security Council has added 3 entities to its ISIL (Da’esh) and Al-Qaida sanctions list, which are now subject to asset freezes, travel bans and an arms embargo pursuant to UNSC Resolution 2368 (2017). Jamaah Ansharut Daulah (JAD), described as the largest ISIL-affiliated terror network in Indonesia, Islamic State in Iraq and the Levant - Libya, and Islamic State in...

As part of its three-year business plan, the Commission is undertaking a series of technology-based projects in collaboration with academics from University College London (UCL) and regulatory and data AI start-up, Regul-AI-tion. In particular, these projects are focused in the areas of SupTech (Supervisory Technology) and RegTech (Regulatory Technology), both of which are sub-sets of the wider...

Please be advised that two entries have 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 2020/288. This regulation enacts the UN's decision made on 23 February 2020 to designate 'Islamic State in the Greater Sahara (ISGS)' (Group ID...

Fourth Quarter 2019 Investment Funds The net asset value of total funds under management and administration has decreased in Sterling terms during the last quarter by £17.7 billion (-6.2%) to £268.3 billion. Over the past year, total net asset values decreased by £13.3 billion (-4.7%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds decreased over the quarter by £1.9...

Please be advised that the United Nations Security Council has removed two entries from the list of individuals and entities subject to restrictive measures, including targeted financial sanctions, under United Nations Security Council Resolution 1267. Further details are available here: https://www.un.org/press/en/2020/sc14113.doc.htm Under section 13 of the Sanctions (Bailiwick of Guernsey) Law...

Council Regulation (EC) No 314/2004 has been amended by Commission Implementing Regulation (EU) 2020/219. The EC Regulation is implemented in the Bailiwick by the Zimbabwe (Freezing of Funds and Economic Resources) (Guernsey) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Alderney) Ordinance, 2004; the Zimbabwe (Freezing of Funds and Economic Resources) (Sark) Ordinance...