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
Sanctions Notice – ISIL (Da’esh) and Al-Qaida
The United Nations Security Council Committee has added one individual to the ISIL (Da’esh) and Al-Qaida Organisations financial sanctions regime.
The following individual has been added to the consolidated list and is subject to an asset freeze:
Jamal Hussein Hassan Zeiniye
Under section 13 of the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law), this amendment is deemed to have been made to the list maintained by the European Union under EU Regulation (EC) 881/2002 and is therefore automatically effective in the Bailiwick under the Al-Qaida (Restrictive Measures) (Guernsey) Ordinance, 2013, the Al-Qaida (Restrictive Measures) (Alderney) Ordinance, 2013 and the Al-Qaida (Restrictive Measures) (Sark) Ordinance, 2013.
An updated list of designated persons and entities is accessible here.
For a full list of GFSC sanctions including measures to be taken, please click here.
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