Guernseys minister for commerce and employment has called a European Parliament proposal to introduce public registers listing the beneficiaries, settlors, and trustees of trusts, and the owners of companies unworkable and an unjustifiable intrusion on individuals privacy.
A search is on for a new chief executive for the entity that has replaced the Channel Islands Stock Exchange, which ran into difficulties last year that resulted in its being reborn in late December as the Channel Islands Securities Exchange.
Guernsey chief minister Peter Harwood resigned today, in the wake of publication of a critical article in the current issue of the British satirical and investigative publication, Private Eye.
Draft legislation which introduces limited liability partnerships into Guernsey for the first time has been introduced by the States of Guernsey‚ and is expected to come into force as soon as July.
Guernsey has signed two further Double Taxation Agreements‚ with the Seychelles and Mauritius‚ bringing the total number of DTAs it has to 10.
Marcus Leese‚ a partner with the internationally-focused Ogier law firm‚ has relocated to Guernsey after completing a four-year secondment in Hong Kong‚ where he established the company’s presence in Asia.
Jersey and Guernsey are to establish a joint office in Caen, France, to represent both islands’ interests with French authorities.
Guernsey has introduced an opt-in regime for funds established in the jurisdiction but which need to be compliant with AIFMD regulations within the European Union.
Guernsey’s Financial Services Commission has fined Generali Worldwide Insurance Company £150,000 for what it said were “failings in systems and controls” that occurred between 2008 and 2010.
Guernsey is considering amending the pension provisions of its income tax law to enable so-called pan-island occupational pension schemes to again receive transfer payments from UK-registered pension schemes.
The Guernsey Financial Services Commission has signed a Memorandum of Understanding with the Chinese Securities Regulatory Commission, setting out a framework to exchange information between the two authorities.
The Channel Islands of Jersey and Guernsey have signed 'intergovernmental agreements' on the automatic exchange of tax information with the UK, adding to existing provisions that currently provide for information to be exchanged between the authorities of the two Crown Dependencies and the United Kingdom.
