08 May 2012
The Finance Sector Code of Corporate Governance – Assurance Statement
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS
Updated - The Finance Sector Code of Corporate Governance (“the Code”), issued in September 2011 with an effective date of 1 January 2012, stated the GFSC will require an assurance statement from companies...
11 April 2012
New Sanction Measures against Iran
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The States of Guernsey has adopted new sanction measures against Iran. ...
12 March 2012
Instruction (Number 16) for Financial Services Businesses and Instruction (Number 14) for Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
On 12 March the Commission issued:...
27 February 2012
Mr Roger Walter Francis Taylor
DIVISIONS GENERAL, INSURANCETYPE: NEWS
Mr Roger Walter Francis Taylor...
01 February 2012
Changes to the AML/CFT Handbooks
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has made a number of changes to the Handbook for Financial ...
01 February 2012
Guernsey adopts new Terrorist Asset-Freezing Law
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Guernsey adopts new Terrorist Asset-Freezing Law. ...
20 January 2012
Reminder Annual Fees due by 31st January 2012
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTEREDTYPE: NEWS
Reminder Annual Fees due by 31st January 2012...
23 December 2011
Eurozone Risk Management
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS
The Commission has written to financial services businesses in connection with ...
21 December 2011
Insurance Papers from the Commission
DIVISIONS INSURANCETYPE: NEWS
The Commission has recently published several papers on its website...
28 November 2011
Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has issued Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses......
22 November 2011
Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has issued Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses in relation to Iran......
28 October 2011
2012 Insurance Annual Fees
DIVISIONS INSURANCETYPE: NEWS
Please note that invoices for 2012 annual fees will be issued in December 2011 and therefore payment will be expected for all current licensees...
05 October 2011
Consultation on Draft Guidance Note on Actuarial Standards and Requirements
DIVISIONS INSURANCETYPE: NEWS,CONSULTATION
Consultation on Draft Guidance Note on Actuarial standards and requirements...
30 September 2011
Code of Corporate Governance
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS,PRESS RELEASE
The Commission has today issued the Finance Sector Code of Corporate Governance ...
27 September 2011
Mr Justin Krzysztof Josef Nicpon
DIVISIONS GENERAL, INSURANCETYPE: NEWS
Mr Justin Krzysztof Josef Nicpon...
22 September 2011
New Deputy Director of Insurance
DIVISIONS GENERAL, INSURANCETYPE: NEWS
THE Guernsey Financial Services Commission has promoted Caroline Bradley to Deputy Director of the Insurance Division....
31 August 2011
GFSC signs Memorandum of Understanding with German Supervisory Authority
DIVISIONS GENERAL, BANKING, INSURANCETYPE: NEWS,PRESS RELEASE
The Guernsey Financial Services Commission and Germany’s banking, insurance and securities regulator, BaFin, have signed a Memorandum...
09 August 2011
Consultation paper on fee rate proposal 2012
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: CONSULTATION
Consultation paper on fee rate proposal 2012...
09 August 2011
Letter regarding the Eurozone and the United States
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS
The Commission issued a letter to non-branch financial services businesses and collective investment schemes...
08 August 2011
Clarification of Approved Asset Regulations
DIVISIONS INSURANCETYPE: NEWS
The Commission confirms the position regarding US Government debt securities...
04 August 2011
Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has issued Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses...
04 August 2011
Change to Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Appendix C of the Handbook for Financial Services Businesses on Countering ...
07 July 2011
Changes to the AML/CFT Handbooks
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has made a number of changes to the AML/CFT Handbooks for FSBs and for Prescribed Businesses ...
06 April 2011
Code of Corporate Governance
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has placed a revised draft of the Finance Sector Code of Corporate Governance...
04 April 2011
Instruction (Number 12) for Financial Services Businesses and Instruction (Number 10) for Prescribed Businesses
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has issued Instruction (Number 12) for Financial Services Businesses and Instruction (Number 10) for Prescribed Businesses....
08 February 2011
Equitable Life Assurance Society - Update February 2011
DIVISIONS INSURANCETYPE: NEWS
The Independent Commission on Equitable Life Payments ("ICELP") has just released its final advice to the Government....
25 January 2011
Solvency II Position Statement
DIVISIONS GENERAL, INSURANCETYPE: NEWS,PRESS RELEASE
The Commission and the States of Guernsey Commerce and Employment Department have jointly issued a Position Statement on Solvency II...
14 January 2011
IMF Publishes Positive Reports on Guernsey
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS,PRESS RELEASE
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. ...
17 December 2010
Equitable Life Assurance Society - Update December 2010
DIVISIONS INSURANCETYPE: NEWS
The Commission has written to the Independent Commission on Equitable Life Payments ("ICELP") in response to its discussion paper issued on 3 November 2010....
06 December 2010
New Fees Regulations for 2011
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTEREDTYPE: POLICY AND LEGISLATION
The following regulations are now available to view and will become operational with effect from 1 January 2011: The Financial Services Commission (Fees) Regulations, 2010...
06 December 2010
Instruction (Number 11) for Financial Services Businesses and Instruction (Number 9) for Prescribed Businesses
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has issued Instruction (Number 11) for Financial Services Businesses and Instruction (Number 9) for Prescribed Businesses....
26 November 2010
New Sanction Measures against Iran
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The States of Guernsey has adopted new sanction measures against Iran....
16 November 2010
GFSC becomes signatory to the IAIS MMoU
DIVISIONS GENERAL, INSURANCETYPE: NEWS,PRESS RELEASE
The Guernsey Financial Services Commission has become a signatory to the Multilateral Memorandum of Understanding (MMoU) of the International Association of Insurance Supervisors (IAIS)...
09 November 2010
The Commission to Appoint New Director of Insurance
DIVISIONS INSURANCETYPE: PRESS RELEASE
The post of Director of Insurance at the Guernsey Financial Services Commission is to be advertised following the announcement that Diane Colton will leave at the end of this year...
09 November 2010
The Retirement Annuity Trust Schemes Rules, 2010
DIVISIONS INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS
These Rules were the subject of a presentation by the Commission to the finance sector on 20 October 2010. They will come into force on 1 January 2011 and are available here....
12 October 2010
Equitable Life Assurance Society Update - October 2010
DIVISIONS INSURANCETYPE: NEWS
The Independent Commission on Equitable Life Payments has been set up by the Government to recommend how best to fairly allocate funds provided for the Equitable Life Payments Scheme...
20 September 2010
The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 2010 (“The Regulations”)
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS
As notified in a news item on 1 September 2010, the Regulations came into force on that date. Financial penalties payable under the Regulations accrue automatically. It is the responsibility of each regulated person to ensure that they have complied wit...
01 September 2010
The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 2010
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: NEWS
Financial Services Businesses are reminded that the above regulations come into force today. ...
19 August 2010
Consultation paper on fee rate proposals 2011
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTEREDTYPE: CONSULTATION
Link to Consultation Paper Fee Rate Proposals 2011...
19 August 2010
Revocation of Licence – Sartor Resources Limited
DIVISIONS INSURANCETYPE: NEWS
The Commission has revoked the licence held by Sartor Resources Limited...
05 August 2010
Updates to the regulations in the AML/CFT Handbooks
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
On 21 June the Commission informed all financial services businesses and prescribed businesses that two new Regulations had been signed by the Policy Council...
30 July 2010
Change to Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing
DIVISIONS BANKING, INSURANCE, INVESTMENT, REGISTERED, AML/CFTTYPE: NEWS
Financial services businesses are advised that Greece continues to be included on the list of jurisdictions which the Financial Action Task Force considers to have strategic AML/CFT deficiencies ...
05 July 2010
Instruction Number 10 for Financial Services Businesses and Instruction Number 8 for Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
In November 2009 the Commission issued a further series of requirements....
25 June 2010
Changes to the Handbook for Financial Services Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Recent changes to Handbook...
21 June 2010
The Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) (Amendment) (No. 2) Regulations, 2010
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Links to amended regulations...
25 May 2010
Feedback and Typologies on Suspicious Transaction Reports
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Feedback and Typologies on Suspicious Transaction Reports (Document)...
18 May 2010
The Terrorism & Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2010
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Link to The Terrorism & Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2010...
08 May 2010
The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2010
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Link to The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2010...
20 April 2010
Equitable Life Assurance Society Update- April 2010
DIVISIONS INSURANCETYPE: NEWS
The Rt Hon Sir John Chadwick has been asked by the Government to provide advice...
09 March 2010
Instruction Number 9 for Financial Services Businesses and Instruction Number 7 for Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
In November 2009 the Commission issued a further series of requirements...
22 February 2010
Amendments to the AML/CFT Legislation
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Amendment Regulations signed by the Policy Council...
22 December 2009
Karel Van Hulle Visits Guernsey
DIVISIONS GENERAL, INSURANCETYPE: NEWS,PRESS RELEASE
Karel Van Hulle, Head of the Insurance and Pensions Unit in the EU Commission visited Guernsey on Friday 18 December...
22 December 2009
Ms Pippa Marie Harbour
DIVISIONS GENERAL, BANKING, INSURANCE, INVESTMENT, FIDUCIARYTYPE: PUBLIC STATEMENT
Public statement...
22 December 2009
Consultation on changes to the criminal justice legislation
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: CONSULTATION
Link to Consultation on changes to the criminal justice legislation...
14 December 2009
Consultation on changes to AML/CFT legislation
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Commission has written to the managing directors of all Financial Services Businesses today, seeking comments on the proposed changes to Schedules...
14 December 2009
Changes to the Handbook for Financial Services Businesses and Prescribed Businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Links to Changes to the Handbook for Financial Services Businesses and Prescribed Businesses...
11 November 2009
Instructions for financial services businesses and prescribed businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Link to instructions for financial services businesses and prescribed businesses...
23 September 2009
EU Solvency II Equivalence
DIVISIONS INSURANCETYPE: NEWS
The Commission is currently following Solvency II developments closely...
27 August 2009
Revocation of Licence - Canivet Webber Financial Services Limited
DIVISIONS INSURANCETYPE: NEWS
The Commission has revoked the licence held by Canivet Webber Financial Services Limited...
11 June 2009
The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2009 and the Associated Handbook
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
The Policy Council have signed the Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) (Amendment) Regulations, 2009...
05 May 2009
Insurance Intermediaries Seminar - 5 May 2009
DIVISIONS INSURANCETYPE: NEWS
The focus for 2009, the third year of the Insurance Division's programme for the insurance intermediary sector, is on internal controls...
05 May 2009
Business from Sensitive Sources Notice 9 for financial services businesses and Notice 4 for prescribed businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Link to Business from Sensitive Sources Notice 9 for financial services businesses and Notice 4 for prescribed businesses...
13 March 2009
Business from Sensitive Sources Notice 8 for financial services businesses and Notice 3 for prescribed businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Link to Business from Sensitive Sources Notice 8 for financial services businesses and Notice 3 for prescribed businesses...
01 March 2009
Insurance Division Update
DIVISIONS INSURANCETYPE: NEWS
I am delighted to announce the following changes to the Insurance Division...
18 February 2009
Business from Sensitive Sources Notice 7 for financial services businesses and Notice 2 for prescribed businesses
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS
Link to Business from Sensitive Sources Notice 7 for financial services businesses and Notice 2 for prescribed businesses...
12 February 2009
End of Reciprocal Health Agreement with the UK
DIVISIONS INSURANCETYPE: NEWS
The current Reciprocal Health Agreement between the Channel Islands and the UK is to cease...
22 January 2009
Equitable Life Assurance Society Update- January 2009
DIVISIONS INSURANCETYPE: NEWS
The Government response to the Parliamentary Ombudsman’s report into Equitable Life has been much anticipated...
13 January 2009
Timing of IMF Assessment
DIVISIONS BANKING, INSURANCE, INVESTMENT, FIDUCIARY, REGISTERED, AML/CFTTYPE: NEWS,POLICY AND LEGISLATION
Press Release 13 January 2009 - IMF Assessment...
06 January 2009
Lloyd's Becomes Licensed in Guernsey
DIVISIONS INSURANCETYPE: NEWS,PRESS RELEASE
A licence has been issued to Lloyd’s that enables Lloyd’s underwriters to carry on insurance business in Guernsey...