Government measures in key jurisdictions 5th edition - Flipbook - Page 60
Guernsey
Company
law matters
•
•
Have any measures
been put in place
to accommodate
social distancing
(such as remote
general meetings)? •
60
The Guernsey Corporate Registry is operating entirely by email and therefore response
times and some services are restricted.
The GFSC has simplified some of its measures to reflect the changed environment
including allowing more time (in addition to the extension granted in the first lockdown)
for certain regulatory returns – see 'Commission allows more time for Firms to
complete Key Financial Returns' and more flexibility on verifying client identities
remotely – see 'Can video calling be used to verify the identity of individuals’.
In addition, the GFSC has issued guidance on what considerations it would expect
licensees to have regard to if their business model were to place greater focus on
working from home either temporarily or permanently. See the Remote working
business model.
•
The Data Protection Commissioner has assured business that it will respond
pragmatically to the new challenges arising – see its update here.
•
The Guernsey Revenue Service has delayed the deadline for income tax returns until 31
March 2021 – this second extension was granted swiftly after the second lockdown
began.
•
For guidance on corporate formalities in a world without face to face meetings, see our
updates on 'Overcoming Barriers to Completion of Transactions amidst Covid-19
Challenges' and 'ICSA Guidance on holding virtual board meetings'.
•
Mourant has produced a briefing regarding regulatory considerations for licensed
financial services businesses in the Channel Islands when responding to the Covid-19
outbreak.
•
All the most recent Mourant updates relating to Covid-19 are available at Mourant
Covid-19 Updates.
Government measures in key jurisdictions
