News

It has been brought to the Commission’s attention that the above-named entity is operating a web site with an address of www.templarvintners.com. The website includes downloads of articles purporting to have appeared in well known publications. One such article includes an advertisement for The Templar Vintners Fine Wine Fund in which it claims to be authorised by the Commission as a Class B...

​On 22 October 2009 the Guernsey Financial Services Commission decided to make the following public statement in respect of Ms Pippa Marie Harbour: The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended (“the Financial Services Commission Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended (the Protection of Investors Law”) The Banking Supervision...

​ Following industry representation the Guernsey Financial Services Commission has extended the consultation period for the draft Licensees (Capital Adequacy) Rules, 2010 until close of business 8 January 2010. The Commission would particularly welcome worked examples of how the current draft Capital Adequacy Rules would affect licensees. All responses should be sent to the following mailbox...

​ Handbook for Financial Services Businesses Handbook for Prescribed Businesses

​The Commission has written to the managing directors of all Financial Services Businesses today, seeking comments on the proposed changes to Schedule 1 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the 1999 Law"), proposed changes to Schedule 1 to the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008 ("the 2008 Law")...

​ Handbook for Financial Services Businesses Handbook for Prescribed Businesses

Date of prohibition order, law under which made and prohibited functions: The Protection of Investors (Bailiwick of Guernsey) Law, 1987​from 27 November 2009: director, controller, partner or manager in relation to a controlled investment business. The Banking Supervision (Bailiwick of Guernsey) Law, 1994from 27 November 2009: director, controller, partner or manager in relation to a deposit...

​Instructions for financial services businesses and prescribed businesses

The Commission has had a document brought to its attention with the letterhead titled "International Monetary Fund Clearance Commission" which claims to have an address in Guernsey. The Guernsey Financial Services Commission wishes to confirm that there is no such entity of this name and the document appears to form part of a fraud scheme. Anyone receiving such a document is advised to cease...