General

The Guernsey Financial Services Commission is pleased to note that John Aspden has been appointed as Chairman following approval by the States of Deliberation. John, who has been a Commissioner since 2017 and Vice-Chairman since February 2023, has taken over from Julian Winser who retired as Chairman and Commissioner in May. The Commission has also elected a new Vice-Chairman, Anna Guggenheim KC...

An exciting line-up of speakers has been confirmed for a technology conference jointly hosted by the Guernsey Financial Services Commission and Guernsey Finance. ‘Finovation: The Guernsey Edge’, taking place on Wednesday 11 September, will consider the opportunities for Guernsey to leverage its nimbleness, robust legal framework and approach to regulation to make financial services better with...

First Quarter 2024 Guernsey Funds The total net asset value of Guernsey funds at the end of the quarter was £292.5 billion, an increase over the quarter of £2.6 billion (+0.9%). Over the past year, total net asset values have increased by £3.8 billon (+1.3%). Closed-ended Schemes Within these totals, Guernsey closed-ended funds increased over the quarter by £1.4 billion (+0.6%) to £241.5 billion...

The Guernsey Financial Services Commission has today published its 2023 annual report and financial statements . In the annual report, the Commission discusses: its preparations for the Bailiwick’s 2024 MONEYVAL inspection; its continued development of digital technology to enhance performance and streamline processes for industry; and the introduction of the new Lending, Credit and Finance Law...

The Commission supports innovation and recognises the role tokenisation could play in improving efficiency within capital markets. The Commission is aware of growing interest, locally and internationally, in the application of this technology within the funds sector and this is an area of focus for fund regulators globally. The Commission’s overall position is to encourage technology which...

The Guernsey Financial Service Commission has signed a Memorandum of Understanding (MoU) with the European Central Bank (ECB), the authority responsible for monetary policy and the supervision of significant banking institutions across the Eurozone. The MoU provides a framework for cooperation and information sharing between the two authorities. Speaking about the MoU, the Commission’s Director...

The Commission has today issued a feedback paper following the consultation on disclosure rules for insurance intermediaries issued in 2023. The Commission is grateful for the responses received. The feedback paper, along with the Insurance Intermediaries (Amendment) Rules, 2024, can be found on the Commission’s Consultation Hub . The amendments to the rules will come into effect on 1 st January...

The Guernsey Financial Services Commission has today issued a Consultation Paper seeking views from interested parties on the creation of a new policy regarding Unclaimed Money under the Protection of Investors (Bailiwick of Guernsey) Law, 2020. This Consultation Paper follows on from the Thematic Review regarding Unclaimed Money The Thematic Review identified that Unclaimed Money is not dealt...