By continuing to use the GFSC site, you agree to the use of cookies. You can find out more by following this link.

Explanatory Notes

Print

You are here

These Explanatory Notes describe some of the Commission's powers and its existing approach towards the use of them.  The Commission has not developed notes in relation to all of its powers, but has instead focused upon those sanction powers about which it is most frequently asked questions.

The Notes reiterate the concepts documented in the Commission’s Enforcement Policy posted on its website.  The Notes are not intended to change the way in which the Commission undertakes enforcement.

These Notes are intended to give a summary and general overview of the matters set out in them and are provided for general guidance only. They are not intended to be comprehensive summaries of the Law and do not constitute legal or professional advice.  You should consult your adviser before taking any action or refraining from taking any action in relation to the matters set out in these Notes.

Appointment of Administrator and Administration Manager 65KB - 11th October 2016
Directions to a Licensee 82KB - 11th October 2016
Directions to Advertisers 86KB - 11th October 2016
Disapplication of the Directorship Exemption 61KB - 11th October 2016
Discretionary Financial Penalties 705KB - 26th June 2018
Disqualification of Actuaries 60KB - 11th October 2016
Disqualification of Auditors 114KB - 11th October 2016
Disqualification Orders 4MB - 11th October 2016
Imposition of Licence Conditions 90KB - 11th October 2016
Licence Cancellation, Revocation or Suspension 3MB - 11th October 2016
Licence Revocation 3MB - 11th October 2016
Private Reprimands 2MB - 11th October 2016
Prohibition Orders 85KB - 11th October 2016
Public Statements 810KB - 6th February 2017
Winding Up of a Business 3MB - 11th October 2016