Economic Substance (Crown Dependencies & Overseas Territories)
Substance requirements for relevant activities under the EU Code of Conduct Group commitments.
- Issued by
- Guernsey / Jersey / IOM / Cayman / BVI
- Applies in
- Guernsey, Jersey, Isle of Man, Cayman Islands, British Virgin Islands
- Edition
- Current, as published
- Area
- Tax transparency & substance
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- CIGACore income-generating activities conducted in the jurisdictionSubstance
- DMDirected and managed in the jurisdictionSubstance
- ADQAdequate people, premises and expenditureSubstance
- REPAnnual economic substance returnReporting
How Amoreg keeps you on it.
Enable the Economic Substance (Crown Dependencies & Overseas Territories) and add Guernsey / Jersey / IOM / Cayman / BVI’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 4 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read Guernsey / Jersey / IOM / Cayman / BVI’s pages
- Check the library against 4 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: core income-generating activities conducted in the jurisdiction
- Rule
- Economic Substance (Crown Dependencies & Overseas Territories), CIGA
- Area
- Substance
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- FATCA — Foreign Account Tax Compliance ActIdentification and reporting of US account holders under the intergovernmental agreements.United States / Global · 4 controls
- OECD Common Reporting StandardAutomatic exchange of financial account information, extended to digital assets and e-money.Global · 4 controls
- DAC6 & OECD Mandatory Disclosure RulesReporting of cross-border arrangements bearing hallmarks, and CRS avoidance arrangements.European Union / Global · 3 controls
- IRS Broker Information Reporting & Cost BasisBroker gross-proceeds and cost-basis reporting, transfer statements, wash-sale adjustments and backup withholding for custodians and broker-dealers.United States · 8 controls
Also in Guernsey
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- Isle of Man AML/CFT Code 2019The Anti-Money Laundering and Countering the Financing of Terrorism Code 2019, with the FSA's AML/CFT Handbook as guidance.Isle of Man · 8 controls
- Cayman Islands Anti-Money Laundering RegulationsThe AMLRs under the Proceeds of Crime Act, read with CIMA's Guidance Notes — departure from the Guidance Notes without justification is treated as non-compliance.Cayman Islands · 8 controls
- BVI Anti-Money Laundering Regulations & Code of PracticeThe AML Regulations 2008 and the AML and Terrorist Financing Code of Practice 2008, as amended by the FSC.British Virgin Islands · 8 controls
- Data Protection (Bailiwick of Guernsey) Law, 2017The Bailiwick's GDPR-equivalent law, with EU adequacy.Guernsey · 9 controls
Questions
Does Amoreg watch for changes to the Economic Substance (Crown Dependencies & Overseas Territories)?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the Economic Substance (Crown Dependencies & Overseas Territories)?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The current edition as published by the issuer, last verified in August 2026; the Monitor records new publications as they appear.