News

Sanctions Notice - Chemical Weapons

30th October 2018
Chemical Weapons (Restrictive Measures) (Guernsey) Ordinance, 2018 On 15th October 2018, in response to concern about the proliferation and use of chemical weapons, the EU has published Council Regulation (EU) 2018/1542. This Regulation imposes and asset freeze and other financial restrictions on listed persons that are responsible for, provide financial, technical or material support for, or are...

Sanctions Notice - Republic of Guinea-Bissau

30th October 2018
Council Regulation (EU) No 2009/1284, as implemented in the Bailiwick by the Republic of Guinea (Restrictive Measures) (Guernsey) Ordinance, 2012, the Republic of Guinea (Restrictive Measures) (Alderney) Ordinance, 2016 and the Republic of Guinea (Restrictive Measures) (Sark) Ordinance 2012, has been amended by Council Implementing Regulation (EU) 2018/1604. The Implementing Regulation is...

Sanctions Notice - Burundi

30th October 2018
Council Regulation (EU) No 1755/2015, as implemented in the Bailiwick by the Burundi (Restrictive Measures) (Guernsey) Ordinance, 2015, the Burundi (Restrictive Measures) (Alderney) Ordinance, 2016 and the Burundi (Restrictive Measures) (Sark) Ordinance 2015, has been amended by Council Implementing Regulation (EU) 2018/1605. The Implementing Regulation is available here: Council Implementing...

Cyber/Information Security Information Pack for Boards

30th October 2018
The Guernsey Financial Services Commission (“The Commission”) recognises that cyber and information security is a high priority risk area for organisations of all sizes. The Commission considers that all financial services firms and prescribed businesses in the Bailiwick of Guernsey should have a structured approach to managing cyber and information security. Cyber and information security should...

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

17th October 2018
Please be advised that the United Nations Security Council has added one entry to the list of individuals and entities associated with ISIL (Da’esh) and Al-Qaida maintained under United Nations Security Council Resolution 1267. All entities on the list are subject to restrictive measures which include targeted financial sanctions. Further details are available here: https://www.un.org/press/en...

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

11th October 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 2018/1204. These changes are automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013...

Commission announces two-year freeze in licence fees

3rd October 2018
The Commission has historically consulted annually with industry on proposals for increasing the fees which it charges licensees. Those fees represent the Commission’s principal method of funding its operational costs including any capital expenditure. However, after careful consideration, the Commission has decided not to seek any increase in the current level of its fees for the next two years...

World Investor Week - Seminars by the Guernsey Association of Pension Providers

2nd October 2018
As part of World Investor Week (“WIW”), which is being supported by the Commission, the Guernsey Association of Pension Providers (“GAPP”) is hosting a number of pensions seminars. These seminars, which are free to attend, will be held on Wednesday 3rd October 2018 at the Chamber of Commerce’s offices at Unit 10, Market Buildings, St Peter Port, Guernsey. This is a great opportunity to hear from...