News

Enforcement

Future-proofing Guernsey’s finance sector

1st November 2021
The new and amended regulatory laws, rules, codes and guidance relating to the Commission’s Revision of Laws project come into effect today and can be found on the Commission’s website here. The Commission undertook extensive public consultation and engagement on revising the Bailiwick’s supervisory and regulatory laws with the aim of maintaining a respected regulatory regime for financial...

The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020

1st November 2021
On 1 November 2021, The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (the new Enforcement Law) came into effect. Accordingly, the Commission has revised and updated certain key documents relating to the enforcement process: A new Explanatory Note regarding “the Investigation and Decision-Making Process in Relation to the use of Enforcement Powers”, which...