The Regulated Investment Exchange Operator Rules

The Guernsey Financial Services Commission has today issued the Regulated Investment Exchange Operator Rules and Guidance, 2024 (the “RIEO Rules”), made under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 (the “POI Law”). These rules will come into operation on 31 January 2025. 

This follows the public consultation in respect of the RIEO Rules, which closed on 12 November 2024.  The Commission has engaged directly with respondents to the Consultation Paper to provide feedback in relation to respondents’ comments.

The RIEO Rules will replace the current Investment Exchange (Notification) Rules 1998 (“the IEN Rules”), which will be revoked upon the RIEO Rules becoming operative on 31 January 2025.

The RIEO Rules will apply to any firm licensed under the POI Law to conduct the Restricted Activity of operating an investment exchange.  These rules aim to provide one consolidated and transparent point of reference for an operator of an investment exchange, incorporating relevant elements of the IEN Rules and other applicable rules made under the POI Law.