Statutory Audit Directive: European Commission confirms Guernsey and Jersey competent authorities meet adequacy requirements

By virtue of Commission Implementing Decision of 2013 (2013/288/EU), Guernsey and Jersey’s system of quality assurance was assessed and deemed ‘equivalent’ under the EU’s statutory audit directive (Directive 2006/43/EC). This meant that auditors from Guernsey and Jersey no longer needed be registered in the Member State where the audit was …

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Beneficial ownership: statements by the Chief Ministers of Jersey and Guernsey

On 11 April, the Chief Minister of Jersey issued a statement announcing that Jersey had agreed to sign an exchange of notes with the UK that reinforces existing arrangements for providing beneficial ownership information to law enforcement and tax authorities. On 4 April, the Guernsey Chief Minister wrote to the UK Prime Minister confirming Guernsey’s …

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