December 2020

Aspida has enrolled in ESI Monitor’s Environmental Business Operations Award

Aspida has enrolled in ESI Monitor’s Environmental Business Operations Award Aspida has made an important step towards sustainability by enrolling in ESI Monitor’s Environmental Business Operations Award. This marks the beginning of an exciting journey for Aspida, where they will soon be able to expertly measure, manage, and minimise their environmental impact. It’s wonderful to …

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Commission consults on increasing Private Investment Fund (PIF) options

GFSC / By Adam

The Commission has published a Consultation Paper containing proposals, which, if implemented, would allow different investor categories to take advantage of an appropriately regulated fund structure. The proposed amendments would complete the current approach for registering PIFs. To see the Consultation Paper, click here. To view this notification in full, please click here. For further …

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Commission proposes derogation of non-Guernsey Fund Scheme Rules

GFSC / By Adam

The Commission has published a Consultation Paper seeking feedback on proposals for changes to the Non-Guernsey Scheme regime. If the proposal is implemented any entity undertaking a restricted activity in or from within the Bailiwick in connection with a collective investment scheme (wherever domiciled) will still be required to be licensed under the PoI Law. …

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Commission clarifies boundaries of Custodians’ duties

GFSC / By Adam

The Commission has published new guidance aimed at providing clarification about Designated Custodians’ duties and the standards of conduct that are expected of them when they act for Open-Ended Collective Investment Schemes. Designated Custodian should be able to demonstrate knowledge of the underlying assets of the scheme in order to mitigate the risk of the …

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September Quarter 2020 Investment Statistics

GFSC / By Adam

The full investment statistics of September Quarter 2020 are available here. To view this notification in full, please click here. For further information & guidance, please contact the Advisory Team at Aspida via info@aspidagroup.com Your partner in protecting and growing your business Subscribe to receive our latest news, views and event information SUBSCRIBE

Commission appoints new President of Panel of Senior Decision Makers

GFSC / By Adam

Ms Leigh-Ann Mulcahy QC has been appointed to succeed Mr Michael Blair QC as President of its Panel of Senior Decision Makers due to Mr Blair QC retiring at the end of this year. The Commission would like to place on record its appreciation for the manner in which Mr Blair QC has undertaken the …

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Pension Transfers

GFSC / By Adam

The Commission, as the regulator of pensions in Guernsey, has determined that it is appropriate to introduce new rules for pension providers to improve the initial pension regulation rules. These rules will come into force on 31 December 2020 and state explicitly: “Licensees must pay due regard to the interests of Scheme Members and beneficiaries …

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