P.2017/43
The States are asked to decide: -
Whether, after consideration of the Policy Letter dated 25th April 2017, of the Policy & Resources Committee, they are of the opinion:-
1. To agree in principle to the enactment of a Projet de Loi to create the necessary legal foundation for the establishment of a new regulatory framework for pension schemes and their providers; and
2. To direct the Policy & Resource Committee to present to the States a further report outlining the detailed requirements of such legislation within a period of 12 months from the date of the States' decision.
3. To agree to the enactment of Ordinance under the Income Tax Law (Guernsey) Law, 1975 making relevant amendments to that legislation to provide for the approval of further pension schemes and the ability for the Director of Income Tax to require consistent reporting of information concerning those schemes.
The above Propositions have been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.
