Monday 05 December 2022
The Committee for Economic Development is seeking views from industry and stakeholders on proposed changes to legislation administered by the Guernsey Registry.
In recent years, the Guernsey Registry's responsibilities have increased significantly, with its varied functions and powers spanning across several pieces of legislation. The time is therefore right for a review of the legislation that the Registrar administers, particularly with respect to legal persons such as companies. The legislation reviewed and subject to proposals comprises the commercial laws (namely the Companies (Guernsey) Law, 2008, the Foundations (Guernsey) Law, 2012, the Limited Partnerships (Guernsey) Law, 1995, and the Limited Liability Partnerships (Guernsey) Law, 2013), the Beneficial Ownership of Legal Persons (Guernsey) Law, 2017 and the Charities etc.. (Guernsey and Alderney) Ordinance, 2021.
The aim of the review is to achieve consistency in both legislation and practice and introduce more clarity, simplicity and uniformity in the oversight of legal persons administered by the Registry. The review also provides an opportunity to address points that have come to the Registrar's attention and apply recognised good practice.
A set of streamlining changes to the legislation is therefore proposed to provide greater accuracy and consistency in the information available to the Registrar, further enhance and harmonise the application of the Registry's enforcement measures and introduce greater operational efficiencies in practice.
Further information, including details of the proposed changes are included in the consultation document which can be found at gov.gg/registrylegislation and the Committee for Economic Development would welcome feedback from all stakeholders. Comments can be sent in by emailing a response to economicdevelopment@gov.gg by 23 January 2023.
