General

​The Commission and the States of Guernsey Commerce and Employment Department have jointly issued the following statement. Solvency II Position Statement1. The authorities in Guernsey have no plans to seek equivalence under Solvency II. 2. Guernsey remains committed to meeting internationally accepted regulatory standards as set by the IAIS and endorsed by the G20. In 2011 the IAIS standards will...

​ The IMF has today published six reports arising from its evaluations in March and May 2010 of the Bailiwick’s financial supervision and criminal justice frameworks. The reports commend Guernsey as having financial sector regulation and supervision of a high standard across all sectors, and a legal framework which provides a sound basis for an effective AML/CFT regime, with preventive measures...

On 6 December the Commission issued: Instruction (Number 11) for Financial Services Businesses and Instruction (Number 9) for Prescribed Businesses. For repealed Instructions and Business from Sensitive Sources Notices, see the Business from Sensitive Sources & Instructions page of this website.

​The States of Guernsey has adopted new sanction measures against Iran. The new sanctions introduce additional categories or persons as being subject to asset freezing provisions. Financial services businesses and prescribed businesses will need to familiarise themselves with the new sanctions and check their records to ensure compliance. Further information on the sanctions and any notifications...

​The Commission have now announced the opening hours for this Christmas period, they are as follows: 24th of December closed from 12:30pm 29th and 30th of December business as usual 31st of December closed from 12:30pm 4th of January business as usual

The financial regulators of Guernsey, Jersey and the Isle of Man have met at Gatwick to discuss matters of mutual interest at an inaugural Crown Dependencies’ Regulatory Summit.Among the agenda items was regulatory cooperation and liaison between the three islands’ regulators: the Guernsey Financial Services Commission, the Jersey Financial Services Commission, the Isle of Man Financial...

From today all firms (including sole practitioners) providing accountancy, insolvency, auditing and tax advice services by way of business in the Bailiwick are required to register with the Commission for anti-money laundering and counter terrorist financing purposes unless they meet all four of the exemptions provided for in regulation 16 of the Criminal Justice (Proceeds of Crime) (Legal...

​Please note that from Friday 24 September 2010 the Guernsey Financial Services Commission’s new address will be:- PO Box 128 Glategny Court Glategny Esplanade St Peter Port Guernsey GY1 3HQ Channel Islands Other contact details remain the same.

​A link to the regulations is provided here.