Guernsey has confirmed rules intended to limit tax evasion between OECD countries will take effect on the island from 1 August.
Guernsey will start accepting applications for Limited Liability Partnerships (LLPs) from midnight on 13 May, which means financial services providers using the jurisdiction can offer an additional type of vehicle to investors.
Guernsey Mint Refined and Guernsey Mint Bullion have rebranded to Bullionrock Select, Invest and Direct for institutional services, investment portfolios and physical bullion sales respectively.
The European Securities and Markets Authority has approved an agreement negotiated with the Guernsey Financial Services Commission covering alternative investment funds affected by the introduction of the AIFMD in July.
Rod Sallis has joined Brooks Macdonald International as an investment adviser at its Guernsey office, having previously worked at SG Hambros as fund analyst.
Peter Harwood, chief minister of Guernsey, has lent his support to global standards as the best way to fight fraud and tax evasion.
Guernsey has signted a double taxation arrangement (DTA) with Luxembourg, taking to eight the number of jurisdictions with which it has similar agreements.
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has endorsed the standards adopted by Guernsey.
Guernsey has agreed a tax reporting arrangement with the UK that is modeled along the lines of the US Foreign Account Tax Compliance Act’s (Fatca) intergovernmental agreement (IGA).
The Guernsey Financial Services Commission has announced that William Mason will take up the role of director general when Nik van Leuven retires.
Dominion Funds has signed a distribution deal that will make its Dominion Global Trends Consumer Fund product available to investors using Guernsey based Generali International’s platform.
Guernsey is moving to reach new investors and asset managers worldwide with innovations in its service offerings, notably with updated legislation on Foundations and the creation of an Image Rights register.