The Commission has issued a Thematic Report on Data Security Practices within the Banking Sector of the Bailiwick of Guernsey. Data Security Review February 2012 - A Thematic Report on Practices within the Banking Sector of the Bailiwick of Guernsey
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Guernsey adopts new Terrorist Asset-Freezing Law. A link to the States of Guernsey media release can be found at www.gov.gg.
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 UN, EU and Other Sanctions. A copy of the Handbook for Financial Services…
GUERNSEY FINANCIAL SERVICES COMMISSION ANNUAL FEES 2012 All businesses, entities and individuals licensed by or registered with the Guernsey Financial Services Commission are reminded that the payment of annual fees to the Commission are due by 31 January 2012. Failure to pay by the due date constitutes a breach of the fees regulations and may be recoverable as a civil debt due to…
The Commission has written to financial services businesses in connection with Eurozone risk management. The Commission has noted that continuing action by governments in the Eurozone might not achieve the desired effect of improving financial stability. One or more Eurozone members may exit from Euro currency union, and reversion to local currencies is possible. Accordingly, the…
China’s banking authority, the China Banking Regulatory Commission, and the Guernsey Financial Services Commission have signed a Statement of Cooperation, which provides a framework for broader and closer regulatory cooperation between the two supervisory authorities. The Statement has been signed in the spirit of mutual cooperation and information exchange seen as crucial by the G20…
Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses28th November 2011
On 28 of November the Commission issued: Instruction (Number 15) for Financial Services Businesses and Instruction (Number 13) for Prescribed Businesses For repealed Instructions and Business from Sensitive Sources, see the Instructions page on this website.
Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses22nd November 2011
On 22nd of November the Commission issued the following instructions in relation to Iran: Instruction (Number 14) for Financial Services Businesses and Instruction (Number 12) for Prescribed Businesses
Total deposits held with Guernsey banks at the end of September 2011 increased in sterling terms by £0.3 billion from the end of June 2011 level of £113.9 billion up to £114.2 billion. This represents a 0.2% increase over the quarter though it is still 1.6% lower than the same time a year ago. Total assets and liabilities increased by £0.3 billion to £139.5 billion representing a…
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