GFIN January Update

The Guernsey Financial Services Commission (“GFSC”) announced on 7 August 2018 its participation in the Global Financial Innovation Network (“GFIN”) (link to news story) and today GFIN has published two documents: 

1)      A Press Release confirming the GFIN’s functions and the opening of a 1-month application window for Cross-Border testing

2)      GFIN’s Terms of Reference for Membership and Governance

With these publications and the commencement of the GFIN’s initiatives the GFSC is pleased to confirm its continued support and involvement in the GFIN by sitting on the GFIN’s coordination group and by being one of the GFIN members participating in cross-border trials.

Emma Bailey Director, Authorisations and Innovation Division said “As one of the founding members we are very pleased to be so involved in the next steps of the GFIN’s initiatives and look forward to working with firms as they apply for the cross-border trials.”

Any queries about the GFSC’s involvement in the GFIN or how to participate in the cross- border trials may be directed to:

Brett Bewey – Assistant Director, Authorisations and Innovation Division at [email protected].