News

General

Commission Restructuring in 2026

10th October 2025
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...

Commission launches Innovation Sandbox with Concierge Support

9th October 2025
The Guernsey Financial Services Commission has launched the Innovation Sandbox + Concierge, a new initiative designed to support innovation in finance. This launch forms part of the Commission’s broader Digital Finance Initiative , announced in September 2025, which seeks to position the Bailiwick of Guernsey as a trusted, agile, and forward-thinking jurisdiction for digital financial innovation...

Digital Forum to Host Roundtable on Digital Asset Custody

8th October 2025 The digital forum's logo - a leopard
The Commission will host its next Digital Forum roundtable on Wednesday 22 October at 2pm, focusing on Digital Asset Custody. The event will take place at the Commission’s Regency Court offices and is open to representatives of the Bailiwick’s financial services sector and other stakeholders with expertise or interest in this topic. This session follows previous roundtables on asset tokenisation...

Phishing attempt

7th October 2025
The Commission has become aware of a possible phishing attempt being sent purporting to be from the Commission Secretary, Alice Joy, using the domain “mail-guernseyfsc.com" If you have received such an email from the Commission, please do not reply or click on any links or attachments and instead forward it to [email protected]. The Commission sends its emails from the domain ending “ gfsc.gg.”...

Thematic Review of Conflicts of Interest

22nd September 2025
The Commission has today issued two thematic reports on Conflicts of Interest in both the Investment and Fiduciary sectors. The Commission found that, in general, firms appropriately identify, manage and record conflicts of interest that arise during the course of doing business, using a combination of policies, procedures and periodic training. The Commission was encouraged to see examples of...

Second Quarter 2025 Investment Statistics

22nd September 2025
Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £270.9 billion, a decrease over the quarter of £7.7 billion (-2.8%). Over the past year, total net asset values have decreased by £24.8 billion (-8.4%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds decreased over the quarter by just under £6.2 billion (-2.7%) to £226.6 billion. This...

Guernsey Financial Services Commission Launches Digital Finance Initiative

11th September 2025 Logo for digital finance initiative featuring leopard
The Guernsey Financial Services Commission today announces the launch of its Digital Finance Initiative (DFI), a programme to support the positioning of the Bailiwick of Guernsey as a trusted, agile, and forward-thinking jurisdiction for digital financial innovation. “ The DFI will see the Commission work to ensure that the financial services legislation it administers is appropriately tuned to...

Guidance on Private Trust Companies

3rd September 2025
The Commission has amended the public Guidance on Private Trust Companies (PTCs) to reflect the revised position that PTCs fall within the scope of The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (the Law) and should either apply for a licence under section 6 of the Law or permission granted under section 3(1)(ac) of the Law. This...

Acting as a director of a company with an “established place of business” in the Bailiwick

15th August 2025
Acting as a director is a regulated activity in the Bailiwick of Guernsey and individuals who do so by way of business* may be required to register with the Guernsey Financial Services Commission (“the Commission”) or apply for a licence. The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 ("the Fiduciaries Law") provides statutory...