Legislation & Guidance

This page provides links to relevant laws, regulations, instructions, rules, codes, guidance and other documents.  It should be noted that, whilst the Commission has taken all reasonable steps to ensure that the information shown on this website is accurate, the Commission does not accept any responsibility for errors made.  Where possible links have been provided to the relevant page of the Guernsey Legal Resources ("GLR") website reflecting up-to-date consolidated versions of laws and regulations.  Original versions can also be found on the GLR website.  Please note, the Commission cannot be held responsible for the content of external websites.

The following relevant legislation is posted and reproduced with the consent of the States of Guernsey.

Law

Disclosure (Bailiwick of Guernsey) Law, 2007 (Consolidated text) 345.4KB

Regulations

Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 (Consolidated as at 2013) 466.1KB
Terrorism and Crime (Bailiwick of Guernsey) Regulations 2007 (Consolidated text) 343.2KB
The Insurance Managers and Insurance Intermediaries (Approved Assets) (Amendment) Regulations, 2018 430.4KB -

Instructions

Financial Services Businesses Instruction (Number 01) 57.9KB
Financial Services Businesses Instruction (Number 02) 47KB
Financial Services Businesses Instruction (Number 03) 55.7KB
Financial Services Businesses Instruction (Number 04) 55.9KB
Financial Services Businesses Instruction (Number 05) 17.2KB
Financial Services Businesses Instruction (Number 06) 50.2KB
Financial Services Businesses Instruction (Number 14) Business from Sensitive Sources - Iran 55.9KB
Instruction Number 01/2017 for Financial Services Businesses 367.3KB -
Instruction Number 02/2017 for Financial Services Businesses 269.1KB -
Instruction Number 03/2017 for Financial Services Businesses 268KB -
Instruction Number 04/2017 for Financial Services Businesses 271.7KB -
Instructions and Notices - Record of Changes 396.8KB -

Rules

Cyber Rules and Guidance, 2021 1.1MB -
Insurance Business (Special Purpose Insurer) Rules 2018 499KB -
Retirement Annuity Trust Schemes Rules, 2010 1.4MB
The Insurance Business (Public Disclosure of Information) Rules, 2018 553.2KB -
The Insurance Business (Solvency) Rules 2015 - Consolidated Version 1.5MB -
The Insurance Intermediaries (Conduct of Business) Rules 2014 1MB
The Insurance Managers (Conduct of Business) Rules 2014 352.9KB
The Licensed Insurer’s (Conduct of Business) Rules, 2018 606.4KB -
The Retirement Annuity Trust Schemes (Amendment) Rules, 2013 691.5KB
The-Retirement Annuity Trust Schemes Rules 2015 321.4KB

Codes

Code of Conduct for Authorised Insurance Representatives (from 1/1/2015 to 31/3/2017) 336.8KB
Code of Conduct for Authorised Insurance Representatives (from 1/4/2017) 852.2KB -
Code of Conduct for Financial Advisers 318.4KB
Code of Corporate Governance 525.4KB
Code of Practice for Branch Operations 9.2KB
Code of Practice for Insurance Intermediary Applicants and Licensees Conducting Business from within the Bailiwick of Guernsey 13.6KB
Principles of Conduct of Finance Business 72.5KB

Guidance

Cyber Rules and Guidance, 2021 1.1MB -
Enforcement-Guidance-Note-2017
GIIA Insurance SPV Guidance 157.9KB
Guidance in respect of requesting disclosure derogation under FRS 103 306.5KB
Guidance Note for International Life and Pensions Insurers 16.8KB
Guidance Note for Licensed Insurers on Category 6 – Non-Special Purposes Insurers 567.4KB -
Guidance Note for Licensed Insurers on Change of Majority Shareholder Controller 361.4KB -
Guidance Note for Licensed Insurers on Outsourcing 130.6KB -
Guidance Note for Licensed Insurers on Reinsurance and Other Forms of Risk Transfer 322.6KB -
Guidance Note for Licensed Insurers on Resilience Testing 14.7KB
Guidance Note for Licensed Insurers on Unit Linked Pricing 22.1KB
Guidance Note on Actuarial Valuations 214.2KB
Guidance Note on Insurance Fraud 152.8KB -
Guidance Note on Internal Models 134.5KB
Guidance Note on Licensed Insurers’ Own Solvency Assessment 403.9KB -
Guidance Note on Producer Owned (Re)Insurance Companies 11KB
Guidance note on Special Purpose Insurers 444.3KB -
Guidance Note on Supervisory Ladder of Intervention 304.9KB
Guidance Note on the Completion and Submission of Annual Returns 427.4KB -
Guidance Note on Training and Competency Schemes 176.4KB -
Guidance Notes on Actuarial Requirements and Standards 119.2KB
Guidance on disclosure under the AIR Code 342.4KB
Guidance on notifications required from Licensed Insurers 30.6KB
Risk-based Supervision in Guernsey 376KB
Social Media Issues 31.4KB

Other

Approved Auditors List - April 2020 310.1KB -
Policy Statement on Insurance Group Supervision 102.4KB

Consultations

2018 Fee Rate Proposal Consultation Paper 540.5KB -
Approved Assets Regulations for Insurance Managers and Intermediaries Consultation Paper 484.9KB -
Consultation Paper 2017 Fee Proposals 393.5KB
Consultation Paper on Proposals for a Green Investment Discount for Life Insurer Capital Requirements 1.1MB -
Cyber Rules Consultation Paper Feedback 751.8KB -
Guernsey and The Development Of Global And European Insurance Capital Standards - Discussion Paper 1MB -
Guernsey and the Development of Global and European Insurance Capital Standards - Feedback Paper 540KB -
Insurance Manager and Intermediary Approved Assets Regulations - Feedback paper 429.4KB -
Insurance Policy Omnibus Consultation Feedback Paper 655KB -
Insurance Regulation Omnibus Consultation Paper 878.9KB -
Special Purpose Insurers - Feedback Paper 524.1KB -
Using Technology for CDD 414KB