Consumers

Friday 22 June As part of our commitment to support innovation, the Guernsey Financial Services Commission is hosting a one day event, Friday 22 June, which will provide an opportunity for Bailiwick businesses or individuals to develop digital solutions to 3 pre-set challenges. The SoundBox Sprint will provide a unique one stop access to key bailiwick decision makers and business subject experts...

The Commission has today published its 2017 annual report and financial statements. Amongst the key themes explored in the report is a focus on ‘Green Finance’ with a regulatory initiative expected to be launched by the Commission in June to be known as the Guernsey Green Fund. It will be open to all types of funds and compliance with green criteria will be required. In addition to the Guernsey...

Friday 22 June As part of our commitment to support innovation, the Guernsey Financial Services Commission is hosting a one day event, Friday 22 June, which will provide an opportunity for Bailiwick businesses or individuals to develop digital solutions to 3 pre-set challenges. The SoundBox Sprint will provide a unique one stop access to key bailiwick decision makers and business subject experts...

The Commission has been asked to publish the attached link to an Advisory which has been issued by the UK National Cyber Security Centre: https://www.ncsc.gov.uk/alerts/russian-state-sponsored-cyber-actors-targeting-network-infrastructure-devices

In 2014, the Commission established a panel of Queen’s Counsel who sit as ‘Senior Decision Makers’ and determine the outcome of the Commission’s major enforcement cases. A Senior Decision Maker, sitting alone, hears those cases involving findings of serious regulatory shortcomings against a licensee and/or individual directors and where those findings are contested. As part of the process Senior...

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 (“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 (“the Regulations”)...

The Commission is seeking feedback on the provisions of the draft Protection of Investors Law, the draft Regulation of Fiduciaries Law and the definitions which are proposed to be used across the revised supervisory laws and specifically whether these may have any unintended consequences or contain fatal flaws. The Commission has published engagement papers in relation to these setting out the...

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