Applicable law
Licences are issued under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Law").
Applicants must read the minimum criteria for licensing set out in Schedule 1 to the Law.
Personal fiduciary licence application
The licence application must contain:
Application and supporting documentation: The application should be made using the Application portal, including uploading the supporting documentation where requested as part of the application questions.
More information on the updated application types on the portal can be accessed via the Commission’s Application pages.
Personal Questionnaire (“OPQ”) and Online Appointment ("OA"): OPQs and/or OAs must be submitted through the Online PQ Portal.
Application process
We will assess and review the application and inform the applicant, or its professional advisers, of any matters requiring expansion or clarification. Once all queries have been satisfied, the application will be referred to a decision-maker. A formal response will follow decision-making.
Timeframe
Indicative timeframe
We will advise if the submission is requires further expansion and clarification. We aim to grant or refuse a licence within 28 calendar days of receipt of a fully completed application.
Application quality
The response time may be advanced or substantially delayed depending on the quality of the application.
Written response
We will send a written response through the portal detailing any matters that require expansion and/or further clarification to enable the application to be referred to a decision-maker.
If we receive no response to these queries within a three-month time period, we reserve the right to archive the application, such that, any future licence application following this period would require a new submission. Applications that remain in draft format, without being submitted, on the application portal will be removed after three months.
Application conclusion
Conditions
Any conditions which may be imposed on the licence will be scheduled in a letter. Conditions will have been discussed with applicants in advance.
Annual fee
Upon licensing, the annual licence fee becomes due, which is reduced pro rata in the first year; an invoice will be sent by email.