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
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 and treat them fairly. (2.1)…
- Transfer requests and information about transfer values should be processed promptly and accurately and should not be unreasonably delayed.
- Licensees must not impose unreasonable conditions on Scheme Members who request a transfer (2.12).”
All pensions providers are obliged to abide by these rules once they come into force and the Commission encourages all pension providers to take heed of them during the remainder of 2020.
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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