General

The Commission is reminding all licensees to complete their annual verification of standing data through the Online Submissions (OS) Portal by 31 October 2026. The annual verification process helps ensure that the basic information the Commission holds about licensees, such as addresses and contact details, remains accurate and up to date. The process was introduced as part of the Commission’s...

Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £270.0 billion, a decrease over the quarter of £2.6 billion (-0.9%). Over the past year, total net asset values have decreased by just under £0.9 billion (-0.3%). Closed-ended Funds Within these totals, Guernsey closed-ended funds decreased over the quarter by £4.8 billion (-2.1%) to £224.2 billion. This...

The Commission has today launched a consultation paper on proposals for the fees and administrative penalties to apply from 1 January 2027. The consultation period ends on 6 October 2026. The Commission is consulting on an overall increase in fees of 4.3%, in line with Bailiwick inflation. The proposed fees are intended to ensure the Commission can continue to deliver effective, high-quality...

The Guernsey Financial Services Commission is introducing a series of enhancements to its website to help users more easily identify and access information. The Commission recognises the opportunities presented by AI and other emerging technologies, both within its own operations and across the financial services sector. As AI-powered search and summarisation tools become increasingly commonplace...

#GuernseyGrowth2035 The Guernsey Financial Services Commission has today published its feedback paper and a guidance note on the tokenisation of assets following consultation on Supporting Growth with Digital Finance. The papers build on work already delivered through the Commission’s Digital Finance Initiative, setting out a programme of practical measures to support innovation and strengthen...

The Commission has become aware of a possible phishing attempt being sent purporting to be from the Commission, using the domain “ gfsc.gg.verixsend.com" If you have received such an email from the Commission, please do not reply or click on any links or attachments and instead forward it to [email protected] The Commission sends its emails only from the domain ending “ gfsc.gg.” Firms are reminded...

The Commission is working with the Isle of Man Financial Services Authority and the Jersey Financial Services Commission to encourage banks to adopt a consistent approach to dealing with “authorised push payment” (“APP”) fraud across the Crown Dependencies. The framework proposed reflects high level principles and areas of common direction between the Crown Dependency financial services regulators...

Advances in frontier artificial intelligence (“AI”) models are reshaping the cyber risk landscape. These models are increasingly capable of identifying software vulnerabilities, including within large, complex and legacy code bases, at a speed and scale that was previously unattainable. Whilst these capabilities have the potential to enhance cyber resilience when used responsibly, they are also...

The Guernsey Financial Services Commission is pleased to announce that the States of Guernsey has appointed Fiona King as a Commissioner. The vacancy arose following the retirement of Philip Middleton. Mrs King has spent over three decades in the financial services industry as both a senior private sector executive and regulator, giving her a practical understanding of regulation from both sides...