General

The Commission has today issued a Feedback Paper providing feedback to the responses received to the Commission’s Discussion Paper (“DP”) on The Future of Sustainability Reporting in the Bailiwick of Guernsey issued in July 2024. The DP provided a summary of international developments in the area of sustainability reporting, including the work of the International Sustainability Standards Board...

The Commission is pleased to announce the launch of its new Engagement Hub, which replaces its Consultation Hub. In addition to supporting the Commission to run consultations, issue discussion papers, and provide feedback to industry on previous engagement activities, the site will also include details of upcoming events. Previous consultation papers, discussion papers and feedback papers are...

The Guernsey Financial Services Commission is asking members of the public to share their personal experiences of seeking, obtaining and/or being a customer of motor finance by completing a short survey. Since 1 July 2023, the Commission has been responsible for regulating loans and other consumer credit products under the Lending, Credit and Finance (“LCF”) Law, including motor finance products...

The Commission maintains a panel of ‘Senior Decision Makers’ who determine the outcome of the Commission’s 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 Decision Makers are also required to...

The Commission is pleased to be supporting IOSCO's (the global association of securities and investment regulators) initiative to work with big tech to increase the standards of protection accorded to consumers using social media. This is an example of national regulators working together globally to endeavour to reduce harms to consumers which can occur as a result of their use of global social...

The Commission has today published its Feedback Paper following the consultation on equity release in December 2024, together with a red-lined copy of the final Lending, Credit and Finance Rules and Guidance. The Commission is grateful for the responses received. We have carefully considered the views expressed and have made a number of amendments to the LCF Rules as a result. In the red-lined...

The Commission is committed to using technology and supporting the use of technology by industry that improves efficiency and effectiveness. As part of this commitment, its Technology Innovation Unit has been exploring newer technologies such as generative AI with the aim of optimising operational effectiveness and efficiency. This has included taking the 68-page 2024 Annual Report and Financial...

The Guernsey Financial Services Commission has today published its 2024 Annual Report and Financial Statements. In the report, the Commission discusses: its preparations for, and the positive outcome of, the Bailiwick’s MONEYVAL inspection and what this means for supervision; its continued development of digital technology to enhance performance and streamline processes for industry, including its...

Following consultation with industry earlier this year, the Guernsey Financial Services Commission is announcing updates to the Prospectus Rules. The updated Prospectus Rules, 2025, which will come into effect on 1 July 2025, aim to provide enhanced clarity and to standardise some requirements to ensure that the Bailiwick’s investment and funds proposition is as accessible and as simple to use as...