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
Bank of England Interest Rates
On 12th October 2020, The Bank of England (“BoE”) published a letter requesting feedback in relation to any possible operational implications that firms would encounter if the Bank of England’s Monetary Policy Committee (“MPC”) implemented a zero or negative policy rate. A copy of the letter is available here.
Guernsey regulated firms should consider if there are any technical operational issues relating to entering zero or negative rates in their systems as well as if there are any contracts in place that would be materially affected by the change. However, the BoE has stated that its engagement with these issues should not be considered indicative of an imminent negative or zero policy rate being set up.
To view this notification in full, please click here.
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
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