Finance Sector Code of Corporate Governance amended to include Lending, Credit and Finance Law

Following the full implementation of the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the LCF Law), the Commission has amended the Finance Sector Code of Corporate Governance (the Code) so that it is clear that it applies to firms licensed under the LCF Law. The application of the Code to LCF licensees was highlighted during the Commission’s LCF consultation.

The list of regulatory laws on pages 5 and 6 of the Code has been amended to include the LCF Law, as has the narrative on page 7 noting the amendment. No other changes have been made.