General

The Commission would remind all companies which hold a licence from the Commission under the regulatory laws or which are registered or authorised as collective investment schemes (“funds”) under (i) below that an assurance statement under the Finance Sector Code of Corporate Governance* ("the Code") must be submitted to the Commission by no later than 31 July 2012. The regulatory laws are: the...

The Commission has recently resolved, having consulted the Commerce and Employment Department of the States of Guernsey, that it should ordinarily refuse applications to register financial services businesses under the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008, where the business consists of offering high interest, short-term, unsecured lending...

​ The Guernsey Financial Services Commission (GFSC) has appointed Neville Johnson as Chief Operating Officer (COO) and Tim Loveridge as Chief Transformation Officer (CTO). The post of COO is new, following the recommendation of Ernst & Young’s Independent Evaluation Review (IER) but it will incorporate existing functions concerning the Commission’s finances. Mr Johnson, previously Acting Director...

​ Guernsey’s Anti-Bribery and Corruption Committee has hosted a conference on anti-corruption, which was attended by over 450 delegates. This committee comprises representatives of the Law Officers’ Chambers, Guernsey Law Enforcement and the Guernsey Financial Services Commission. The reference in the conference title to the “Puppet Masters” was taken, by courtesy of, and with thanks to, the World...

​ The Finance Sector Code of Corporate Governance (“the Code”), issued in September 2011 with an effective date of 1 January 2012, stated the GFSC will require an assurance statement from companies confirming that the directors have considered the effectiveness of their corporate governance practices and are satisfied with their degree of compliance with the Principles set out in the Code, or the...

​Mr Taylor was the managing director and shareholder of Sartor Resources Limited (“Sartor”), an insurance manager licensed under The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, as amended. Sartor’s licence was revoked by the Commission with effect from 9 July 2010. Mr Taylor was convicted in November 2010 of 9 counts of money laundering and sentenced in...

​The Commission has issued a Thematic Report on Data Security Practices within the Banking Sector of the Bailiwick of Guernsey. Data Security Review February 2012 - A Thematic Report on Practices within the Banking Sector of the Bailiwick of Guernsey

​ New Personal Questionnaire, Personal Declaration and Guidance Notes for 2012 are now available for review under Documents and Forms Link . This will be in effect from 3 January 2012 .

​ Welcome Speech - Peter Harwood, Chairman Keynote Speech - Angela Knight Economic Update - Dr Andy Sloan Director General Speech - Nik van Leuven, Director General Policy and International Affairs Speech - Richard Walker, Director of Policy and International Affairs Corporate Governance - Cross Divisional Presentation 1st Presentation - Emma Bailey 2nd Presentation - Fiona Crocker 3rd...