​If you are an individual you will need a personal fiduciary licence to act as a director of a company, a co-trustee or protector of a trust, an executor of a will or administrator of an estate provided you are receiving an income, fee, emolument or other consideration in money or money's worth for doing so.

If you are a company incorporated in Guernsey or Alderney you will need a full fiduciary licence to carry on regulated activities by way of business from anywhere in the world.

If you are a company other than one incorporated in Guernsey or Alderney you will need a full fiduciary licence to carry on regulated activities by way of business from or within the Bailiwick of Guernsey.

Regulated activities are set out under section 2 of the Fiduciary Law and include the formation, management or administration of trusts, companies, partnerships or other unincorporated bodies or the provision of advice in relation to their formation.

There are various statutory exemptions which are set out under section 3 of the Fiduciary Law which can be carried on without the need for a personal or full fiduciary licence.

Commission staff will be happy to provide general explanations of what activities the Fiduciary Law covers.  However, Commission staff cannot provide legal advice in respect of specific circumstances and if you are in any doubt as to the position you should seek advice from an Advocate of the Royal Court of Guernsey.