The Guernsey Financial Services Commission, the Island's financial services regulator, issued Guernsey's domestic Alternative Investment Fund Managers Directive marketing rules, together with a notification form, and have confirmed they are able to accept applications prior to 22 July 2013.
Michael Betley, managing director of Trust Corporation in Guernsey, considers the reasons for the growth of incubation of managed services in Guernsey.
The central supervisory body for the financial markets of the European Union (EU), the European Securities and Markets Authority (ESMA), has approved bilateral agreements to be signed with the Guernsey financial services regulator, the Guernsey Financial Services Commission (GFSC).
Guernsey Finance Chief Executive Fiona Le Poidevin explains why the jurisdiction introduced its own foundations legislation and how it differs from others in the fiduciary world.
Why did Guernsey bring this civil law concept onto its statute books?
The Alternative Investment Fund Managers Directive will come into effect in July 2013, creating a single regime for the industry across Europe.
Recently at Captive Live UK, a fellow panellist advised that over 90% of new business in Guernsey was through cells and similar proportions of new business were being generated by cells in other jurisdictions with appropriate legislation.
Ahead of the forthcoming G8 and G20 meetings on tax transparency, Guernsey's Chief Minister, Peter Harwood, has taken the opportunity to set out the Island's leadership and track record on tax transparency.
Avondale Solutions has announced a new partnership with Elizabeth Ackers, a UK based consultant, to extend its offering of business consultancy and directorship services further into the UK market.
Aon Insurance Managers has seen significant growth in cell activity within its White Rock Guernsey cell companies.
Migration is effected by application to the Guernsey Registrar of Foundations (the "Registrar") and therefore no court application is required, which enables a streamlined process for migrations.
Guernsey has signed a Double Taxation Arrangement (DTA) with Hong Kong.
Guernsey Finance’s Fiona Le Poidevin looks at the creation of the Guernsey Foundation and what it offers that makes it different to other private client solutions.
Fiona Le Poidevin, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, looks at the role of international finance centres (IFCs).
Although it boasts a thriving private equity industry, Guernsey must lessen its dependence on UK-sourced business and diversify into other areas if it is to prosper, writes Yuri Bender of PWM.
Guernsey’s decision not to seek equivalence with Solvency II should not be seen as a sign its regulations are in any way lower quality than other jurisdictions, according to Martin Le Pelley, the immediate past chairman of the Guernsey International Investment Association.
Companies need to be increasingly vigilant in complying with regulatory, tax and legal compliance across the full scope of their jurisdictional footprint, according to Martin Le Pelley, compliance director for Heritage Insurance Management.