News

Fourth Quarter 2020 Guernsey Funds The total net asset value of Guernsey funds has increased in Sterling terms during the last quarter by £9.4 billion (3.9%) to £245.5 billion. Over the past year, total net asset values have increased by £17.9 billon (7.8%). Open-ended Schemes Within these totals, Guernsey domiciled open-ended funds increased over the quarter by £1.0 billion (2.0%) to £49.0...

Please be advised that three individuals have been designated by the UN under the Somalia sanctions regime. These sanctions are automatically effective in the UK under the Somalia (Sanctions) (EU Exit) Regulations 2019, which are implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. The following individuals have been...

Please be advised that 1 new designation has been made under the Yemen (Sanctions) (EU Exit) Regulations 2019. This regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. These sanctions were enacted for the purposes of promoting the peace, stability and security of Yemen, the political transition and peaceful...

Please be advised that 5 new designations have been made under the Burma (Sanctions) (EU Exit) Regulations 2019. This regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. These sanctions were enacted for the purposes of encouraging the Myanmar security forces to comply with international human rights law and to...

Online Submissions ("OS") upgrade The Online Submissions ("OS") Portal upgrade has been completed. If you are a an OS user you will notice changes to the portal and may have already noticed that your forms have changed over the last 18 months. More details about the new OS features can be found in the guidance note on our website by clicking here. We trust that the changes we have made will...

Please be advised that 27 new designations have been made under the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019. This regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. These sanctions were enacted for the purposes of encouraging the Government of Belarus to respect democratic principles and...

Please be advised that 3 new designations have been made under the Burma (Sanctions) (EU Exit) Regulations 2019. This regime is implemented in the Bailiwick by the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. These sanctions were enacted for the purposes of encouraging the Myanmar security forces to comply with international human rights law and to...

Following a pilot exercise in 2020, the Commission has made permanent and extended to all sectors its exit interview programme for individuals who held Money Laundering Reporting Officer and/or Money Laundering Compliance Officer roles. The pilot initially applied to the banking and fiduciary sectors as the Bailiwick’s highest risk sectors for money laundering and terrorist financing and was...

The Commission is today publishing Cyber Security Rules and Guidance under The Protection of Investors (Bailiwick of Guernsey) Law, 1987; 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...