The UK’s withdrawal from the EU on 31 January 2020 does not directly affect the Channel Islandsâ relationship with the EU 27 in key areas like tax, anti-money laundering, financial services, and data protection where the Islands were already third countries and as such remain committed to close cooperation with the EU. The Channel Islands are third countries for the purposes of the EUâs Common Commercial Policy (CCP). Exports of goods from the Channel Islands to the EU and from the EU to the Channel Islands are treated as intra-EU trade. The Channel Islands are part of the Common Travel Area (CTA) with the UK and Ireland. Guernsey funds with a Guernsey manager which are not actively marketed into the EU/EEA fall outside the scope of AIFMD. Looking at the 2nd Non-Life Insurance Directive (88/357/EEC) article 2(d) – Location of Risk Rules – interpretation of ‘vehicles of any type’ can also vary across member states. The Islands are not part of the United Kingdom, but the UK is constitutionally responsible for the Islandsâ defence and for formal international representation, while Channel Islanders are British Citizens. Competition policy per se was not within the scope of Protocol 3 (although normal conditions of competition in trade in agricultural products apply) so there was no obligation on the Channel Islands to follow general EU competition rules. Controls in respect of the right to work by EU nationals in the Channel Islands are dealt with under the respective domestic legislation in each island, subject to the requirement that the Channel Islands must treat all EU nationals equally. So which countries are in the European Union, which countries aren’t, and are countries like Guernsey and … Environmental legislation was not covered by Protocol 3 but in some cases EU environmental standards, in areas like air and water quality, are used as guidelines for domestic legislation in the Channel Islands, even though there was no legal obligation to do so. Telecomunications As a VAT system does not exist in Guernsey, and with a recent proposal to introduce one being voted out, certain claims costs incurred by the insurer will be VAT free. The Commission has reissued its document to provide a brief update to regulated firms, the States of Guernsey and other stakeholders on recent developments relating to the EU’s Markets in Financial Instruments Directive that could have a significant impact of firms located in the Bailiwick who are, or may be … There is close cooperation between the Channel Islands and the French authorities on emergency planning and on radioactive sampling. Like transport, energy services are a service under EU law and so were outside the scope of Protocol 3. For those areas previously covered by Protocol 3 (and hence still covered during the Transition Period), EU legislation is directly applicable, and the Channel Islands are regarded as part of the UK Member State. This was recognised most recently by EU Finance Ministers (ECOFIN) who, on 12 March 2019, confirmed that Guernsey and Jersey were cooperative jurisdictions, following a rigorous assessment process coordinated by the EUâs Code of Conduct Group on Business Taxation. 1. ""EU provision" has the meaning given in the European Union (Brexit) (Bailiwick of Guernsey) Law, 2018, and includes an item of Preserved EU law within the meaning of that Law,", and in the definition of "implementation", for "Community provision" substitute "EU provision". Virtually all manufactured goods are imported. The Channel Islands have shown themselves by their actions to be reliable, active and cooperative partners of the EU and of the wider international community. Tourism is therefore an important industry. Moving outside of the EU, Guernsey captive insurers find themselves in an equal position to those captives domiciled within the EU. This Protocol lapsed with the UKâs withdrawal, but its substantive provisions will continue to apply during the Transition Period until 31 December 2020 provided for in the Withdrawal Agreement. The EY classification doesn’t determine the length of time stock is to be static in a warehouse before it becomes ‘property’ (classes 8 and 9) versus ‘goods in transit’ (class 7). In any of these particular instances, it appears that all insurance activity and premium transactions should take place offshore. This will continue to apply for the duration of the Transition Period. 2. Guernsey and Jersey voluntarily implement all EU sanctions, including asset freezes. In Guernsey, EU Nationals and those from the European Economic Area, will have to apply for a visa via the UK online system, on top of their local employment permit. The main exports of goods are agricultural and fisheries products. Gaelic Games Europe represents European County Board GAA, European County Board LGFA and European International Board CA, each of which is governed by their respective associations, namely the Gaelic Athletic Association, the Ladies Gaelic Football Association and the Camogie Association. The Channel Islands are therefore directly affected by the relevant European legislation concerning spectrum and benefit from being part of a larger European group when harmonising spectrum usage in international negotiations. Whilst neither Guernsey nor Jersey is a member of the EU, some aspects of EU legislation are adopted by the Channel Islands in compliance with the bilateral agreements in place between Guernsey and Jersey and member states of the EU, including for example a number of tax information exchange agreements with … , including with respect to visa requirements, are aligned with those of the Channel Islands are of. 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