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

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

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

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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Pension Transfers

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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