General

World Investor Week 2017 World Investor Week is a global campaign promoted by IOSCO to raise awareness about the importance of investor education and protection and highlight the various initiatives of securities regulators in these two critical areas. From 2-8 October 2017, IOSCO securities regulators and other IOSCO members on six continents will provide a range of activities, such as launching...

Representatives of the Commission met today in Sark with representatives of Sark’s Chief Pleas. The meeting had been arranged to enable the Commission to provide updates on a variety of regulatory matters including the recent introduction of pensions’ regulation, the Commission’s experience of innovation within the financial services industry and the Commission’s general approach to investigations...

“The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) (Pensions Amendment) (No.2) Regulations, 2017 (“the Regulation”) has been approved by the Policy and Resources Committee amending the definition of “gratuity scheme” contained within section 2(1)(e) of the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc...

Last week, Guernsey’s Financial Services Commission hosted a series of meetings which were being held in Guernsey by the International Organisation of Securities Commission’s Committee 4 and Screening Group. Representatives from 29 countries attended the meetings. The meetings took place during the 5-7 September and amongst the subjects discussed were the current global threats and the standards...

At this current time QI Finance.com Limited ("QI Finance"), is not registred under the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008, and as such is not regulated or authorised by the Guernsey Financial Services Commission.

The Commission has today published “ The Pension Licensees (Conduct of Business) & Domestic and International Pension Scheme and Gratuity Scheme Rules (No. 2) 2017” (please click here), which replaces the earlier version, published last month, which required some minor amendments.

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended ("the Financial Services Commission Law"); The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000 (the “Fiduciaries Law”); The Criminal Justice (Proceeds of Crime) (Financial Services Businesses) (Bailiwick of Guernsey) Regulations, 2007 as amended ("the...

On 3 May 2017, the Guernsey Financial Services Commission (“the Commission”) applied to the Royal Court of Guernsey under section 427 of The Companies (Guernsey) Law, 2008, to seek disqualification orders against both Mr and Mrs Doyle from acting as a director of any Guernsey company. On 16 August 2017, the Bailiff handed down his judgment in which he disqualified both Mr Doyle and Mrs Doyle from...

The Commission today launches a consultation paper (please click here for a copy) on its proposals for the 2018 licence fees paid by firms. The consultation period will close on Friday 8th of September. An overall blended rate of increase of 3%, excluding anomalies, is proposed for 2018. Commission Chairman, Drs Cees Schrauwers, said: "For five years the Commission has kept the average fee...