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
Commission signs MOU with the Board of Guernsey’s Banking Deposit Compensation Scheme
The Commission has signed a new Memorandum of Understanding (“the MOU”) with the Board of the Guernsey Banking Deposit Compensation Scheme (GBDCS).
The MOU provides a framework for the relationship between the Commission and the Board and particularly establishes how they will, as necessary, exchange specific information with each other. The scheme would manage applications from personal customers, sole trader businesses and certain local charities, and issue payments up to £50,000 per depositor in the event of a Guernsey licensed bank failure.
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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