Investment

The consultation process closed on 4 September 2017 and the Investment Supervision and Policy Division has received a number of responses. The Division is grateful to everyone who took the trouble to respond. The Division is giving careful consideration to the views and opinions expressed by respondents and further discussions will be held with the Guernsey Investment Fund Association before...

The Commission is seeking feedback on the provisions of the draft Protection of Investors Law and the definitions which are proposed to be used across the revised supervisory laws and specifically whether these may have any unintended consequences or contain fatal flaws. The engagement papers which the Commission has published set out the topics upon which assistance is requested and questions...

GUERNSEY FINANCIAL SERVICES COMMISSION ANNUAL FEES 2018 All businesses, entities and individuals licensed by or registered with the Guernsey Financial Services Commission are reminded that the payment of annual fees to the Commission are due by 31 January 2018. If payment is received after the due date a late payment penalty fee will be applied in accordance with Regulation 2 of the Financial...

Licensees are reminded that where a Licence is held at as at 1 January 2018 and no request has been received by the Commission by close of business on 31 December 2017 to cancel or surrender that licence, then the (non-refundable) annual licence fee for 2018 will be payable by the licensee. Likewise, where no request to suspend or revoke the authorisation or registration of a collective investment...

The Commission has published a guide to financial services regulation in the Bailiwick which is intended to clarify and explain regulation in a non-legal way. To view or download a copy please click here . At the same time, the Commission has taken the opportunity to republish its guide to risk based supervision in Guernsey which was first published in April 2016. To view or download a copy please...

In January 2016, the States of Deliberation (the States) agreed to increase the maximum level of financial penalties available to the Commission which can be applied in cases where there have been serious breaches of the regulatory laws. Subsequently, in March 2016, the States approved the necessary legislation (Projet de Loi) to give effect to the proposals. The Commission has been informed that...

This morning the Policy & Resources Committee approved “The Investor Protection (Designated Countries and Territories) (Bailiwick of Guernsey) Regulations, 2017” (“the regulations”). The regulations are in force from today. These regulations designate certain countries and territories for the purposes of s29(1)(cc) of the Protection of Investors (Bailiwick of Guernsey) Law 1987. The effect of this...

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...

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.