Proposed Revisions to the Financial Resources Requirement Rules ("FRR rules")

The Guernsey Financial Services Commission consulted on proposals to introduce changes to the FRR rules for full fiduciary licensees (“FFLs”).  The consultation, which closed on 19 June 2017, generated a number of substantive responses, for which the Commission is grateful.

The Commission is giving careful consideration to the views and opinions expressed by respondents and further discussions will be held with Guernsey Association of Trustees (GAT) before amended FRR rules are implemented.  In the meantime, FFL’s should continue to comply with the existing FRR rules.

Enquiries may be sent to Fiduciary&[email protected]