Part 1 of the Terrorist Asset-Freezing etc Act 2010 has been temporarily applied to Guernsey. This allows certain designations under the Act to have effect in Guernsey and applies reporting and other requirements to Guernsey financial services businesses. The Order that applies these rules will take effect until Guernsey makes its own legislation having the same effect. (Source: The Terrorist Asset-Freezing etc Act 2010 (Guernsey) Order 2011)