News

Fiduciary

Revision of laws project

22nd March 2018
The Commission is seeking feedback on the provisions of the draft Protection of Investors Law, the draft Regulation of Fiduciaries Law and the definitions which are proposed to be used across the revised supervisory laws and specifically whether these may have any unintended consequences or contain fatal flaws. The Commission has published engagement papers in relation to these setting out the...

Engagement on draft Regulation of Fiduciaries Law

15th March 2018
The Commission is seeking feedback on the provisions of the draft Regulation of Fiduciaries Law specifically whether the amendments may have any unintended consequences or contain fatal flaws. The engagement paper which the Commission has published sets out the topics upon which assistance is requested and questions regarding unintended consequences and whether there are any significant issues in...

Draft Protection of Investors (Bailiwick of Guernsey) Law, 2018 - drop-in session

12th March 2018
Following release on 1 February 2018 of the draft Protection of Investors (Bailiwick of Guernsey) Law, 2018 for engagement (see here for the news article), the Commission will be hosting a drop-in session on 22 March 2018 between 8.30am and 9.30am. Please join us to discuss the draft Law and have a coffee and a croissant. The engagement paper in relation to the amendment to the Protection of...

Financial Resources Requirements Rules, 2018 for the Fiduciary sector

15th February 2018
Financial Resources Requirements Rules, 2018 ("the FRR Rules") Following consultation with fiduciary licensees, external parties and the Guernsey Association of Trustees, the Commission is pleased to issue the FRR Rules, which come into force on 28 February 2018. The Commission is grateful for the contributions made by those parties. The FRR Rules replace those requirements found under a number of...

Engagement on Draft Protection of Investors Law and proposed definitions

1st February 2018
The Commission is seeking feedback on the provisions of the draft Protection of Investors Law and the definitions which are proposed to be used across the revised supervisory laws and specifically whether these may have any unintended consequences or contain fatal flaws. The engagement papers which the Commission has published set out the topics upon which assistance is requested and questions...

Reminder Annual Fees due by 31 January 2018

29th January 2018
GUERNSEY FINANCIAL SERVICES COMMISSION ANNUAL FEES 2018 All businesses, entities and individuals licensed by or registered with the Guernsey Financial Services Commission are reminded that the payment of annual fees to the Commission are due by 31 January 2018. If payment is received after the due date a late payment penalty fee will be applied in accordance with Regulation 2 of the Financial...