The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) (Amendment) Regulations, 2013

On the 26 July the Commission made regulations amending The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 2010. The amendments to these regulations mirror changes made to the Regulation of Fiduciaries (Fiduciary Advertisements and Annual Returns) Regulations, 2012 (as amended) to extend the filing date for the annual return from one month to two months after which period administrative penalties will be applied for the late filing of the return.

The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) (Amendment) Regulations, 2013 came into effect on 29 July 2013 and will be laid before the States at its meeting on 30 October 2013.