Tag: Guernsey Financial Services Commission

Closure of Defined Benefit Pension Scheme

| April 9, 2014 | 0 Comments

The Commission has decided to close its defined benefit pension scheme to future accrual with effect from the 1st July 2014. Last September the Commission announced that it had entered into a consultation period with those of its employees who were members of the Commission’s defined benefit pension scheme, over a proposal to close that […]

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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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Guernsey retains title as Europe’s best captive domicile

Guernsey retains title as Europe’s best captive domicile

| February 27, 2014 | 0 Comments

Guernsey has once again been crowned European captive domicile of the year at the UK Captive Services Awards 2014. The awards, now in its second year, formed part of the Captive Live UK 2014 Conference that took place earlier this week and also saw a number of Guernsey-based firms named as winners in their respective […]

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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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BULLIONROCK appoints Guernsey Gold founder

BULLIONROCK appoints Guernsey Gold founder

| December 18, 2013 | 0 Comments

Two of Guernsey’s giants of bullion investment and trading will join forces when Toby Birch, Guernsey Gold Limited managing director,  takes up a board position with BULLIONROCK as a non-executive director from 1 January next year. Guernsey Gold Limited will surrender its registration to deal in bullion, issued by the Guernsey Financial Services Commission, on […]

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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 signs MoU with China’s Securities Regulator

Commission signs MoU with China’s Securities Regulator

| November 20, 2013 | 0 Comments

The Guernsey Financial Services Commission has signed a Memorandum of Understanding (MoU) with the Chinese Securities Regulatory Commission (CSRC). The agreement has been signed by William Mason, Director General of the Commission, and Xiao Gang, Chairman of the CSRC. The official announcement was made after a meeting in Beijing yesterday [Monday 18 November] between Mr […]

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Financial regulator and politicians on Guernsey delegation to China

| November 1, 2013 | 0 Comments

A delegation from Guernsey is heading to China to reinforce the Island’s financial services offering to current and prospective Asian contacts. Fiona Le Poidevin, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – will be accompanied by Peter Harwood, Guernsey’s Chief Minister; Kevin Stewart, Guernsey’s Commerce and Employment Minister; […]

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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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Guernsey Finance comment re: Channel Islands Stock Exchange

Guernsey Finance comment re: Channel Islands Stock Exchange

| October 17, 2013 | 0 Comments

On Monday [14 October] the Channel Islands Stock Exchange (CISX) announced to members that certain of its historic activities have been under investigation by the Guernsey Financial Services Commission (GFSC). Jon Moulton, Chairman of the CISX, said that the investigations do not relate to current matters but are ongoing and that the CISX has decided […]

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