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Civil Penalties

Please note: These guidance notes are not intended to be definitive legal advice and should not be relied upon as such. The interpretation of legislation is a matter on which the Guernsey Registry cannot advise and entities/individuals need to form their own independent view on compliance with the legislation. Independent legal advice is advised where there is any uncertainty.


Limited Partnership - Civil Penalties

In order to support both the Bailiwick of Guernsey and the Registrar to meet the Financial Action Task Force (FATF) Recommendations 24 (transparency of beneficial ownership of legal persons) and 40 (international co-operation), new legislation has recently been passed, which lays down a number of Regulations whereby the Registrar will apply a civil penalty (a fee) under a number of circumstances where requirements under the Limited Partnerships (Guernsey) Law 1995 (the Law") are not met within a timely manner.

Full details of these penalties may be found under 'The Limited Partnerships (Registrar) (Civil Penalties) Regulations 2023', 'The Limited Partnerships (Registrar) (Civil Penalties) (Amendment) Regulations 2023' and 'The Limited Partnerships (Registrar) (Civil Penalties) (Amendment) (No 2) Regulations 2023'.

A table briefly outlining the failures/breaches relative to the Law and associated penalties is added to the guidance document, which is attached below, for information purposes.


Guidance Note Description
pdf icon Limited Partnership - Civil Penalties [290kb]FAQs on civil penalties for a Limited Partnership