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 – UK Sanctions: Global Human Rights
On 6 July, the United Kingdom made the Global Human Rights Sanctions Regulations 2020, which comprise the first UK sanctions regime to operate under the UK’s Sanctions and Anti-Money Laundering Act 2018 (Sanctions Act).
Guernsey will be enacting corresponding regulations imminently however, it is strongly recommended not to release any relevant assets in the interim, as they are likely to be captured by the extraterritorial provisions of the UK sanctions.
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