Last week, Guernsey’s Financial Services Commission hosted a series of meetings which were being held in Guernsey by the International Organisation of Securities Commission’s Committee 4 and Screening Group. Representatives from 29 countries attended the meetings. The meetings took place during the 5-7 September and amongst the subjects discussed were the current global threats and the…
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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.
The Commission has published a report on its thematic review of sales practice relating to advice given to retail clients on controlled investments and long-term insurance. A copy of the report can be found here. The report should be read by all relevant licensees. It may also be of interest to consumers who seek advice on these types of products.
The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No. 2) 201725th August 2017
Pension, Financial Crime, Authorisations, Banking, Consumers, Fiduciary, General, Insurance, Investment, Registered Business
The Commission has today published “The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No. 2) 2017” (please click here), which replaces the earlier version, published last month, which required some minor amendments.
The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended ("the Financial Services Commission Law"); The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “Fiduciaries Law”); The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 as amended…
Mr Michael Joseph Doyle Born: 16 April, 1968; and Mrs Belinda Doyle (nee Lanyon) Born: 1 March 1960 of La Connellerie, Sark17th August 2017
On 3 May 2017, the Guernsey Financial Services Commission (“the Commission”) applied to the Royal Court of Guernsey under section 427 of The Companies (Guernsey) Law, 2008, to seek disqualification orders against both Mr and Mrs Doyle from acting as a director of any Guernsey company. On 16 August 2017, the Bailiff handed down his judgment in which he disqualified both Mr Doyle and Mrs Doyle…
Financial Crime, Authorisations, Banking, Consumers, Fiduciary, General, Insurance, Investment, Registered Business
Industry Presentations 2017 - Save the Date flyer
Consultations, Financial Crime, Authorisations, Banking, Fiduciary, General, Insurance, Investment, Registered Business
The Commission today launches a consultation paper (please click here for a copy) on its proposals for the 2018 licence fees paid by firms. The consultation period will close on Friday 8th of September. An overall blended rate of increase of 3%, excluding anomalies, is proposed for 2018. Commission Chairman, Drs Cees Schrauwers, said: "For five years the Commission has kept the average fee…
Engagement on Draft Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 201725th July 2017
Introduction The Commission is today seeking feedback and assistance from the financial services industry specifically on whether the provisions of the Enforcement Law may have any unintended consequences or fatal flaws. What the engagement is not about The Commission has engaged with the financial services industry through the issuing of a discussion paper and later through a full consultation…
The Commission is today issuing a consultation paper seeking feedback on a number of regulatory proposals for firms involved in lending, credit and finance. The consultation period will close on Friday 15th September 2017. The proposals contained within the consultation paper have a twofold purpose:- A) Opening up Guernsey to more innovative, often digitally enabled, financial services…