The Guernsey Financial Services Commission has become a signatory to the Multilateral Memorandum of Understanding (MMoU) of the International Association of Insurance Supervisors (IAIS).The MMoU is a framework for cooperation and the exchange of information between insurance supervisors and sets minimum standards to which signatories must adhere. It is a key initiative of the IAIS and will…
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Speeches from the Industry Seminar on 19 October 2010 can be found under About Us, page marked Events.
Slides from the Industry Seminar on 20 October 2010 can be found under About Us, page marked Events.
The financial regulators of Guernsey, Jersey and the Isle of Man have met at Gatwick to discuss matters of mutual interest at an inaugural Crown Dependencies’ Regulatory Summit.Among the agenda items was regulatory cooperation and liaison between the three islands’ regulators: the Guernsey Financial Services Commission, the Jersey Financial Services Commission, the Isle of Man Financial…
The post of Director of Investment Business at the Guernsey Financial Services Commission will be advertised locally and in the Financial Times this week.Peter Moffatt, the current director, who joined the Commission in 2000, will retire from the role early next year.The Director General of the GFSC, Nik van Leuven, said: “I have known Peter since he joined the Commission. He brought to the…
Change to the Handbook for Legal Professionals, Accountants and Estate Agents on Countering Financial Crime and Terrorist Financing ("the Handbook")5th October 2010
An amendment to Schedule 2 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 which relates to the business of auditors, external accountants, insolvency practitioners and tax advisers came into force on 4 October. Chapter 1 of the Handbook has been updated in light of this amendment. The current version of the Handbook along with a version showing changes…
From today all firms (including sole practitioners) providing accountancy, insolvency, auditing and tax advice services by way of business in the Bailiwick are required to register with the Commission for anti-money laundering and counter terrorist financing purposes unless they meet all four of the exemptions provided for in regulation 16 of the Criminal Justice (Proceeds of Crime) (Legal…
Please note that from Friday 24 September 2010 the Guernsey Financial Services Commission’s new address will be:- PO Box 128Glategny CourtGlategny EsplanadeSt Peter PortGuernsey GY1 3HQChannel Islands Other contact details remain the same.
The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 20101st September 2010
A link to the regulations is provided here.
Consultation Paper Fee Rate Proposals 2011