Consumers

The Commission would like to clarify that it considers the LSE’s AIM market as qualifying as a recognised exchange for the purposes of applying exemptions under the regulated activity of acting as a director under the Fiduciaries Law.

The Commission has issued a Feedback Statement regarding the LCF Consultation Paper on the GFSC Citizen Space Consultation Hub.  Feedback Statement

The Commission has issued an FAQ to those considering investing in Bitcoins or Bitcoin related investments. It can be found here.

The Commission has published a guide to financial services regulation in the Bailiwick which is intended to clarify and explain regulation in a non-legal way. To view or download a copy please click here. At the same time, the Commission has taken the opportunity to republish its guide to risk based supervision in Guernsey which was first published in April 2016. To view or download a copy please…

In January 2016, the States of Deliberation (the States) agreed to increase the maximum level of financial penalties available to the Commission which can be applied in cases where there have been serious breaches of the regulatory laws. Subsequently, in March 2016, the States approved the necessary legislation (Projet de Loi) to give effect to the proposals. The Commission has been informed that…

This morning the Policy & Resources Committee approved “The Investor Protection (Designated Countries and Territories) (Bailiwick of Guernsey) Regulations, 2017” (“the regulations”). The regulations are in force from today.  These regulations designate certain countries and territories for the purposes of s29(1)(cc) of the Protection of Investors (Bailiwick of Guernsey) Law 1987…

As part of our ongoing commitment to World Investor Week, a global campaign promoted by IOSCO to raise awareness about the importance of investor education and protection, the GFSC is pleased to publish a Pensions Helpsheet, which can be found here. The helpsheet highlights a number of areas which consumers should focus on when considering their pensions arrangements. Gillian Browning, Director…

World Investor Week 2017 World Investor Week is a global campaign promoted by IOSCO to raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas. From 2-8 October 2017, IOSCO securities regulators and other IOSCO members on six continents will provide a range of activities, such as launching…

By way of background, Initial Coin Offerings (“ICOs”) are a method of raising funds by the issuance of digital tokens or digital coins in a virtual currency.  The operators of the ICO may explain that the proceeds are to be used to fund the development of a project which might itself be a form of digital service or associated software. Although no such schemes have been noted to have been…

At this current time QI Finance.com Limited ("QI Finance"), is not registred under the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008, and as such is not regulated or authorised by the Guernsey Financial Services Commission.