Tag: GFSC

Guernsey adds 100+ new funds during 2013

Guernsey adds 100+ new funds during 2013

| March 6, 2014 | 0 Comments

Guernsey’s financial services regulator approved 30 new investment funds during the fourth quarter of last year, which means that that there were a total of 103 additions during 2013. Figures from the Guernsey Financial Services Commission (GFSC) show that 16 new funds were approved during the first quarter of last year, 24 during the second, […]

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ILS helps Guernsey license 89 international insurers in 2013

ILS helps Guernsey license 89 international insurers in 2013

| January 20, 2014 | 0 Comments

The Guernsey Financial Services Commission (GFSC) licensed 89 new international insurers during 2013. This includes 10 limited companies, 6 Protected Cell Companies (PCCs), 63 PCC cells, 2 Incorporated Cell Companies (ICCs) and 8 ICC cells. It means that there were 758 international insurers licensed in the Island at the end of December 2013. This number […]

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Guernsey adds 33 new funds in Q3 2013

Guernsey adds 33 new funds in Q3 2013

| December 18, 2013 | 0 Comments

Guernsey’s financial services regulator approved 33 new investment funds during the third quarter of 2013. Figures released today by the Guernsey Financial Services Commission (GFSC) show that it approved five open-ended funds, 19 closed-ended funds and nine non-Guernsey schemes between the start of June and the end of September this year. Taking into account licences […]

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Commission announces 2014 Fees Tariff

| October 30, 2013 | 0 Comments

On the 28th August, the Commission launched a consultation paper setting out its proposals in respect of its 2014 licence fees. The consultation period closed on the 9th October. Two options were explored in the consultation paper. Option 1 involved an increase across the board of 1.25%. Option 2 was a differential option aimed at […]

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GFSC appoints special advisor on Government and Public Affairs

| August 12, 2013 | 0 Comments

The Guernsey Financial Services Commission has appointed a Special Advisor on Government and Public Affairs. Former civil servant Dale Holmes will take up the newly-created role at the beginning of September. He will work full time for the Commission, helping it improve its interaction with officials, politicians, the media and representative bodies within the Bailiwick. […]

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GFSC signs co-operation agreements with European Securities Regulators

| July 12, 2013 | 0 Comments

Following the European Securities and Markets Authority’s (ESMA) approval of the co-operation arrangements the Guernsey Financial Services Commission (GFSC) has signed 27 bi-lateral co-operation agreements with the following EU/EEA securities regulators for the supervision of alternative investment funds, including hedge funds, private equity and real estate funds: EU/EEA Authority Autoriteit Financiële Markten (The Netherlands) Autorité […]

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GFSC modernises structure to face future challenges

| June 19, 2013 | 0 Comments

The Guernsey Financial Services Commission is changing its internal structure to bring supervision and policy functions together thereby helping to increase the Commission’s effectiveness. Some senior personnel will change roles to facilitate the changes, which are designed to be cost neutral. Specifically, the Banking and Insurance Divisions will merge to form a new Division to […]

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Guernsey named Europe’s best captive domicile

Guernsey named Europe’s best captive domicile

| February 15, 2013 | 0 Comments

Guernsey has been crowned European captive domicile of the year at the UK Captive Services Awards 2013. The inaugural awards, which formed part of the Captive Live UK 2013 Conference that took place earlier this week, also saw a number of Guernsey-based firms recognised as winners in their respective categories. Aon, Bedell Cristin, BWCI, Igloo […]

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Guernsey licences nearly 100 international insurers in 2012

Guernsey licences nearly 100 international insurers in 2012

| January 25, 2013 | 0 Comments

The Guernsey Financial Services Commission (GFSC) licensed 97 new international insurers during 2012. Figures from Guernsey’s financial services regulator show that there were 737 international insurers licensed in the Island at the end of December 2012. This number comprises 242 limited companies, 68 Protected Cell Companies (PCCs), 404 PCC cells, 5 Incorporated Cell Companies (ICCs) […]

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Carey Olsen advises on £270m IPO of BACIT Limited

Carey Olsen advises on £270m IPO of BACIT Limited

| December 5, 2012 | 0 Comments

Carey Olsen has advised the Battle Against Cancer Investment Trust (BACIT Limited) on its establishment as a Guernsey registered closed-ended investment company and its recent flotation on the Main List of the London Stock Exchange. BACIT is an innovative new investment company formed by a group of leading fund managers. It raised £270m which will […]

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