Consumers

The Guernsey Financial Services Commission is pleased to announce a new partnership in financial literacy with “EDUCFI”, the French National Financial Literacy Strategy operated by Banque de France, the French central bank, in order to provide unbiased, easy-to-read, quality material designed to help local people understand financial matters more easily. The partnership will see the Commission...

Drawing on their own experiences of becoming financially independent, four graduate analysts from the Guernsey Financial Services Commission gave a talk to Blanchelande College sixth form students last week. The talk, which coincided with Global Money Week (17-23 March 2025) – an OECD initiative to improve the financial literacy of young people, covered key financial terms, budgeting, debt...

L & A Finance L imited is Guernsey registered company. However, it has been noted that criminals have been using the company’s details in an attempt to commit fraud. The fraud scheme has included the setting up of a false website in the name of the firm. Anyone seeking to conduct business with L & A Finance L imited is encouraged to take steps to carefully ensure that they are dealing with the...

The Commission is raising awareness of the use of non-bank payment service providers, such as electronic money institutions or EMIs, to ensure consumers know how to check adequate consumer protection is available. While online payments are generally made through bank accounts, the use of electronic money (e-money) stored in an online account, wallet, or pre-paid account, which may then be used for...

Today, the Commission has published a consultation paper proposing amendments to the rules for insurance intermediaries to include some additional disclosure requirements. This affects the thirty-five insurance intermediaries operating in the Bailiwick which are licensed by the Commission. The consultation sets out a proposal that would require the intermediaries to provide information to...

Havelet Finance Limited is licensed by the Commission under the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022. However, it has been noted that criminals have been using the firm’s details in attempts to commit advance fee fraud. The fraud scheme has included the setting up of false websites and pages on social media in the name of the firm. Anyone seeking to conduct business with...

The Commission has today published its feedback paper following the consultation on Lending, Credit & Finance issued on 21 July 2022, together with the final Lending, Credit & Finance Rules and Guidance and a s40 instrument giving notice of various exemptions from the requirement to hold a licence in respect of the carrying on of business regulated by the law. The Lending , Credit and Finance...

In July 2022, the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 (the “Law”) was approved by the States of Guernsey, the States of Alderney and the Chief Pleas of Sark. A Commencement Ordinance, passed last Friday, confirmed that the Law will come into effect in two stages. Various provisions come into effect from 1 January 2023 which will allow the Commission to put in place its...

The Commission has today published a Consultation Paper setting out the Commission’s Rules and approach for regulating the sectors covered by The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022, and is seeking feedback on its proposed Rules and approach. The purpose of the new Law, which was passed by the States of Guernsey on 14 July 2022, is to protect customers in the Bailiwick...