News

Staff Appointments

20th September 2021
Our Director of the Authorisations and Innovation Division, Emma Bailey, after nearly 20 years of dedicated service, has decided it is the right time to leave the Commission this autumn to take up a role in industry. Whilst Emma will be missed, the Commission is pleased to announce that Caroline Bradley, current Deputy Director in the Authorisations and Innovation Division, and Alison Gavey...

Update on phishing attempt

16th September 2021
Yesterday, the Commission reported that it had become aware of a phishing attempt sent to some of its licensees – see news item here. An email purporting to be from a member of the Commission’s staff was sent from the domain guernseyfsc.com. Since becoming aware of the matter, the Commission reported the link to websites designed to submit known and suspected phishing links to major internet...

Risk Warning Regarding Phishing Attempts

15th September 2021
The Commission has become aware of a phishing attempt being sent to some of its licensees purporting to be from a Commission member of staff. The fraudulent email requests that licensees click on a link and provide confirmation of details contained in that link. If you have received an email from a member of Commission staff and you are unsure of its authenticity, please do not click on any links...

Feedback statement on the new Fiduciary Rules, 2021 Consultation Paper

15th September 2021
The Commission has today published the feedback to its Consultation Paper on the new Fiduciary Rules, 2021. In June 2021, the Commission published a Consultation Paper making proposals for the necessary revision of the Fiduciary Rules, 2020 in readiness for the coming into force of the revised Fiduciaries Law on 1 November 2021. The key revision proposed related to the re-categorisation of...

Revised regulatory laws

13th September 2021
On Friday 10 September, the States of Deliberation approved the necessary Ordinances to bring into effect the revision of the five principal Laws dealing with the regulation of financial services business in the Bailiwick as part of the Commission’s Revision of Laws project. The passing of the commencement ordinances means that the following laws will come into effect on 1 November 2021: The...

Consultation Paper on the Banking Supervision (Annual Compliance Return) Rules, 2021

3rd September 2021
The Guernsey Financial Services Commission has issued today a Consultation Paper seeking views from interested parties on proposed Banking Supervision (Annual Compliance Return) Rules and Guidance. This Consultation Paper forms part of the implementation of the Revision of Laws Project. The proposed Rules do not implement policy change. A copy of the Consultation Paper along with the draft Rules...

Sanctions Notice - Myanmar

2nd September 2021
Please be advised that U Tay Za (also known as Tayza, Teza) and the Htoo Group of Companies have been designated under the Myanmar (Sanctions) Regulations 2021. These regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 (the 2020 regulations), as amended by the Sanctions (Implementation of UK Regimes...

Sanctions Notice - Chemical Weapons

20th August 2021
Please be advised that the following individuals have been designated under the Chemical Weapons (Sanctions) (EU Exit) Regulations 2019 (the UK regulations); Alexey Alexandrov Vladimir Panyaev Ivan Vladimirovich Osipov Vladimir Mikhailovich Bogdanov Kirill Vasilyev Stanislav Valentinovich Makshakov Alexei Semenovich Sedov . The UK regulations are given effect within the Bailiwick under the...

Sanctions Notice - Republic of Belarus

10th August 2021
Please be advised that Mikhail Safarbekovich GUTSERIEV has been designated under the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. Mikhail Safarbekovich GUTSERIEV is subject to an asset freeze and will...

Sanctions Notice - Global Anti-Corruption

28th July 2021
Please be advised that five individuals have been designated under the Global Anti-Corruption Sanctions Regulations 2021. These regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020, as amended. The five individuals are as follows; KUDAKWASHE REGIMOND TAGWIREI, A.K.A KUDA TEODORO NGUEMA OBIANG MANGUE...