Tag: Guernsey Financial Services Commission

Commission consults on RATS Rules

| August 7, 2014 | 0 Comments

The Commission today launches a twelve week consultation on suggestions for revising the Retirement Annuity Trust Scheme Rules (RATS rules). The principal objectives of the suggestions contained in the consultation paper are to explore whether we could reduce the cost of pension provision for islanders as well as creating opportunities for them to manage their […]

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Guernsey adds 113 new funds in 12 months

| June 25, 2014 | 0 Comments

Guernsey’s financial services regulator approved 26 new investment funds during the first quarter of this year, which means that there were a total of 113 additions during the 12 months to the end of March. Figures from the Guernsey Financial Services Commission (GFSC) show that 24 new funds were approved during the second quarter of […]

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Appointment of new Director

Appointment of new Director

| June 16, 2014 | 0 Comments

The Commission has announced the appointment of Emma Bailey as the new Director of the Investment Supervision and Policy Division. She will take up her new role in August when the current Director, Carl Rosumek, leaves the Commission. William Mason, Director General, said “I am very pleased that we have been able to appoint Emma […]

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Guernsey licenses 99 international insurers in 12 months

Guernsey licenses 99 international insurers in 12 months

| May 7, 2014 | 0 Comments

The Guernsey Financial Services Commission (GFSC) licensed 99 new international insurers in the 12 months to the end of March. This includes 8 limited companies, 5 Protected Cell Companies (PCCs), 73 PCC cells, 3 Incorporated Cell Companies (ICCs) and 10 ICC cells. Further data on these newly licensed entities shows that their owners’ geographical origin […]

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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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