A technical update from Guernsey Finance.

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WE ARE GUERNSEY

GF TECHNICAL TUESDAY

Register of beneficial ownership
- now live

Guernsey, as part of its commitment to the highest standards of international cooperation, has introduced a central register of beneficial ownership for legal persons.

Guernsey companies, foundations and limited partnerships now have to provide beneficial ownership information at the time of establishment. Legal persons established prior to the register's introduction will have to comply in due course.

The register is not accessible to the public. Requests for information can only be made for a permitted purpose, effectively limiting the disclosure of information to local and foreign tax, regulatory and law enforcement agencies.

LEARN MORE ABOUT THE FEATURES OF THE REGISTER

Read the Guernsey Registry Update for Industry here

Revision of Laws
- draft Enforcement Law published

The GFSC is seeking feedback from members of the finance industry on whether the provisions of the draft Enforcement Law contain any unintended consequences or fatal flaws.

Interested parties are encouraged to participate in the responses of their firms and/or associations before the consultation process closes at midnight on 22 September.

This is the first engagement paper of five, which will make up the Revision of Laws project. Engagement papers in respect to the Banking, Fiduciary, Insurance and Protection of Investors laws will follow in due course.

The Commission is seeking assistance

Respond to the Engagement Paper here

Trusts and Private Clients
- new brochure available

With assistance from the trust and legal professions, Guernsey Finance have produced a new trust brochure.

'Trusts and Private Clients' includes straightforward and stylised guides to trusts and their uses for those less familiar with the trust concept and also a list of the key features of the Trusts (Guernsey) Law for a more sophisticated audience.

The brochure represents the latest version of the WE ARE GUERNSEY brand, which was launched a year ago.

Download our brochure here

Noticeboard

15 September
Lending, Credit and Finance consultation closes

21 September
GIFA Technical Committee host 'Funds Without Borders' at St James

22 September
Engagement with respect to draft Enforcement law closes

IN CASE YOU MISSED IT

Guernsey seeing positive company migration trend

The ID Register reaches first anniversary

Guernsey-domiciled ILS reinsurance transformer a 'global blockchain first'

INSURANCE | INVESTMENT FUNDS | TRUST & COMPANY
PENSIONS | INVESTMENT MANAGEMENT | BANKING

T : +44 (0) 1481 720071    weareguernsey.com     

Copyright © 2016 Guernsey Finance

Guernsey Finance LBG, PO Box 655, St Peter Port, GY1 3PN, Guernsey


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