Consumers

The Commission confirms that with effect from close of business on Tuesday 24 March 2020, the majority of its staff will be home working with just a small core staff operating from the Commission’s offices based at Glategny Court. The switchboard will continue to operate during normal office hours and callers will be asked by the receptionist to provide their contact details in order that a member...

The Commission is closely monitoring the coronavirus situation and will be increasing its financial stability monitoring work and acting to ensure that consumers are protected where necessary. We would appreciate firms’ co-operation with our financial stability enquiries when we make them as we need to be able to continue to understand the health of the largest part of Guernsey’s economy during...

The Commission is maintaining its efforts to monitor financial stability issues across the financial services sector. As part of this, the Commission considers it essential that firms continue to make accurate regulatory returns in a timely manner. The Commission appreciates that some firms may encounter challenges in their interactions with some third parties in preparing their regulatory returns...

The Commission has published some FAQs on the consumer pages of its website to help inform consumers. These aim to provide easily accessible and clear information on the possible impact of coronavirus (Covid-19) on travel insurance and medical insurance for people living in the Bailiwick. With the Foreign and Commonwealth Office now advising against "all but essential travel" to Italy, it has...

The Commission's Conduct Unit has added some additional FAQs to the consumer pages of the Commission's website to help inform consumers. These latest FAQs aim to provide easily accessible and clear information on the possible impact of coronavirus (Covid-19) on travel insurance and medical insurance for people living in the Bailiwick. The FAQs can be found here.

The Guernsey Financial Services Commission ("GFSC") was pleased to note the recent political agreement reached between the European Council and the European Parliament on an EU-wide classification system, or "Taxonomy", which will provide businesses and investors with a common language to identify what economic activities can be considered environmentally sustainable. The detailed criteria...

Form upgrades Further to our previous news article regarding the forthcoming changes to the forms on the OS and PQ Portals, the following forms are now available in the new format: 126a - Fiduciary - Pension Scheme or Gratuity Scheme Quarterly Return 132 - Insurance Manager Annual Return 145 - Investment Quarterly Return 200 - Other Notification 220 – Outsourcing 226 - Surrender Registration It...

The Commission is pleased to announce that its application for membership of the NGFS has been accepted. Guernsey is the first island International Finance Centre to achieve membership of the NGFS in a move consistent with the international engagement element of Guernsey’s green finance strategy. The NGFS was established by eight central banks and supervisors following the "One Planet Summit" in...

The Commission has issued an FAQ to those considering investing in mini-bonds. It can be found here.