Consumers

Following the appointment of Dr Andy Sloan, as Deputy Chief Executive, Strategy at Guernsey Finance, the Commission has made some alterations to its senior management structure. To ensure more integrated supervision, Fiduciary, Investment and Pensions firms will be supervised for conduct and prudential purposes by one division. This will be known as the Investment, Fiduciary and Pension Division...

Introduction On 30 October 2015, the States of Deliberation approved the Policy Letter submitted by the Policy Council on the Revision of the Financial Supervisory and Regulatory Laws. Representatives of the States of Alderney and the Chief Pleas of Sark had previously indicated their support for the proposals which followed a public consultation process. The Law Officers of the Crown together...

The Commission has published a survey and is looking for members of the public to contribute their personal experiences in purchasing insurance products and when making claims on their insurance policies. The survey is available on the Commission’s website - 2018 General Insurance Survey It is anticipated that responses to the survey will identify common trends, which will be explored by the...

The Commission has today issued a guidance note in respect of the provision of registered office services by unregulated persons. The aim of the guidance note is to act as a reminder that the provision of registered office is a regulated activity and explain why that is the case.

As part of its commitment to supporting innovation within the Bailiwick’s financial services industry, the Commission is hosting a one-day event on Friday 22 June. Expressions of interest in taking part were sought and a cross section of businesses and individuals have entered. The SoundBox Sprint will provide an exciting opportunity for the participating teams to develop digital solutions to...

Date of prohibition order, law under which made and prohibited functions: The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended; from 31 May 2018 until 31 May 2023: the functions of director, controller, partner or manager in relation to a regulated activity carried on by or for a licensed fiduciary. The Protection of...

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended ("the Financial Services Commission Law"); The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “Fiduciaries Law”); The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 as amended ("the...

Friday 22 June As part of our commitment to support innovation, the Guernsey Financial Services Commission is hosting a one day event, Friday 22 June, which will provide an opportunity for Bailiwick businesses or individuals to develop digital solutions to 3 pre-set challenges. The SoundBox Sprint will provide a unique one stop access to key bailiwick decision makers and business subject experts...

The Commission has today published its 2017 annual report and financial statements. Amongst the key themes explored in the report is a focus on ‘Green Finance’ with a regulatory initiative expected to be launched by the Commission in June to be known as the Guernsey Green Fund. It will be open to all types of funds and compliance with green criteria will be required. In addition to the Guernsey...