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ARTICLE · 20 MAY 2013

Guernsey’s Innovative Legislation Evolution

A discussion exploring the recent developments relating to Guernsey's financial services legislation.

GuernseyFinance and Banking

Andrew Munro of Ogier in Guernsey takes a look at the recent developments relating to the island's financial services legislation.

As you will see from this examination of significant recent and proposed changes to Guernsey legislation, Guernsey's legislature has been busy of late.

The Island's pro-active approach to regulation and legislation has no doubt contributed to the rise in funds under management and administration in Guernsey, which are reported to have risen 1.3 per cent (£3.6 billion) to £274 billion in the third quarter of 2012 and enhances Guernsey's reputation as a leading specialist financial centre in Europe, and given credence to its second place globally in recent rankings by The Banker.

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