2016

Dec 16

The requirement to maintain a register of people with significant influence or control, more commonly known as the PSC Register, was introduced on 6 April 2016 as a result of the changes introduced by the Small Business, Enterprise and Employment Act 2015.

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Nov 28

Over the last six months Guernsey’s financial services sector has seen an influx of new business migrating to the island from those wanting the reassurance of a robust jurisdiction that withstands the scrutiny and meets the increased global standards of transparency and regulation.

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Nov 16

The Guernsey Financial Services Commission (“GFSC”) today confirms the approval of a new regime for Private Investment Funds following a short consultation process which closed on 10 November 2016. The new regime addresses a perceived gap in the range of fund products available in the Bailiwick when there is a close relationship between investors and management, removing the formal requirement for information particulars and reducing the application process to one day.

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Oct 04

The latest figures from the Guernsey Financial Services Commission (GFSC) highlight an increase in the value of Guernsey’s funds business of £27.1 billion over the year ending 30 June 2016. This is equivalent to a rise of 12.3% on the previous year, bringing total assets of funds under management and administration to some £247.1 billon. This follows a fourth consecutive quarter of strong growth which saw the net asset value of funds rise by £9.1 billion or 3.8%.

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Sep 09

Malta’s economic growth continued to outperform the Eurozone average in the first quarter of 2016 standing at 5.2%. Credit rating agency Fitch Ratings has affirmed Malta's Long-Term Foreign and Local Currency Issuer Default Ratings at 'A' and the outlook was revised upwards from Stable to Positive.

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