General

The Guernsey Financial Services Commission (the Commission) is pleased to announce that a new regulatory regime for equity release will come into effect on 1 January 2026, following extensive consultation and legislative amendments under the Lending, Credit and Finance (LCF) Law. Equity release enables older homeowners to access some of the value tied up in their residential property without...

Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £272.8 billion, an increase over the quarter of £1.9 billion (+0.7%). Over the past year, total net asset values have decreased by £16.0 billion (-5.5%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds decreased over the quarter by £0.6 billion (-0.2%) to £226.0 billion. This represents a...

The Commission plans to increase fees for most licensees by the rate of inflation next year, as consulted on. On 8 September 2025, the Commission published a consultation paper outlining proposed fee changes effective from 1 January 2026. The key proposals included: an overall fee increase of 3.9%, aligned with Guernsey mid-year RPI; rebasing of Private Investment Fund (“PIF”) fees; an adjustment...

In advance of the publication of the Commission’s fee consultation feedback paper in December, please note that in early January, the Commission will be distributing 2026 annual fee invoices using the generic email address that we hold on record for each licensee and registrant. If you wish to check which email address the Commission holds for your firm, please contact [email protected] quoting...

In a high-level speech entitled “Enabling Growth – Digital and Sustainable Finance”, the Commission’s Director General, William Mason, set out a pro-growth and pragmatic regulatory agenda that puts economic prosperity and financial stability ahead of the precautionary principle. William was speaking at an event organised by STEP, Guernsey branch and the Guernsey Association of Trustees. On...

The Commission will host its next Digital Forum roundtable on Monday 1 December as part of its Digital Finance Initiative. The session called ‘Artificial Intelligence in Finance: Innovation, Oversight and Opportunity’ will be held at the Commission’s Regency Court offices. We are keen to signal our openness to firms using technology to meet regulatory expectations and welcome dialogue with firms...

Earlier this year, the Guernsey Financial Services Commission (“the Commission”) published a survey inviting members of the public to share their experiences with regard to motor finance following the implementation of the Lending, Credit and Finance Law on 1 July 2023. Respondents of the survey were given the opportunity to nominate a charity of their choice to receive a small donation from the...

In May, the Guernsey Financial Services Commission (“the Commission”) announced a new partnership in financial literacy with EDUCFI, the French National Financial Literacy Strategy operated by Banque de France, the French central bank. This collaboration aims to promote financial literacy by providing clear, unbiased and high quality educational resources to help the local community better...

With effect from January 2026, Dr Jeremy Quick will move from being Director of Banking and Insurance to being the part-time Director of Resolution following the passage of the Bank Resolution (Bailiwick of Guernsey) Law, 2025 through the States of Guernsey in the Spring. Jeremy will work to ensure a proper and economical implementation of the legislation over the next three years, ensuring that...