The Commission has today issued the Finance Sector Code of Corporate Governance. A copy of the press release and the Code can be found below: Press release Code of Corporate Governance
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The Guernsey Financial Services Commission and Germany’s banking, insurance and securities regulator, BaFin, have signed a Memorandum of Understanding (MoU), which provides a framework for enhanced cooperation between the two supervisory authorities. The MoU has been signed in the spirit of mutual cooperation and information exchange seen as crucial by the G20 countries and…
Total deposits held with Guernsey banks at the end of June 2011 increased in sterling terms by £1.0 billion from the end of March 2011 level of £112.9 billion up to £113.9 billion. This represents a 0.9% increase over the quarter though it is still 2.5% lower than the same time a year ago. Total assets and liabilities increased by £1.8 billion to £139.2 billion representing a 1.3%…
On 9th August the Commission issued a letter regarding the Eurozone and the United States to all non-branch financial services businesses and collective investment schemes. For a copy of the letter, please click here.
On 9th August the Commission issued a letter to all Bank subsidiaries regarding the Eurozone and the United States. For a copy of the letter, please click here.
Click link below to the consultation paper on fee rate proposal 2012: Consultation paper fee rate Proposals 2012
Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses4th August 2011
On 4th of August the Commission issued: Instruction (Number 13) for Financial Services Businesses and Instruction (Number 11) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.
Change to Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing4th August 2011
Appendix C of the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing has been revised to add Bulgaria, Estonia, Latvia, Lithuania and Liechtenstein as jurisdictions whose authorised financial services businesses may be treated as if they were local. A version of the revised Handbook, which includes coloured text to show the changes, has been…
The Commission has made a number of changes to the Handbook for Financial Services Businesses on Countering Financial Crime and Terrorist Financing and to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing. The principal changes are to the chapters on Reporting Suspicion and UN, EU and Other Sanctions. A copy of the…
Arrangements for Commission to exchange information with the Board of the Guernsey Banking Deposit Compensation Scheme10th June 2011
A memorandum of understanding between the Guernsey Financial Services Commission and the Guernsey Banking Deposit Compensation Scheme has been agreed between the Board of the Scheme and the Commission. The memorandum was signed by the Director General of the Commission, Nik van Leuven, and the Chairman of the Board of the Compensation Scheme, Charles Tracy. It provides for the exchange of…