News

Prior to November 2009 the Commission issued Business from Sensitive Sources Notices, which required enhanced customer due diligence measures to be undertaken by financial services businesses and prescribed businesses in Guernsey when taking on business or transactions from specified countries or territories. In November 2009 the Commission issued a further series of requirements. As these...

​ Handbook - as at June 2010 The Handbook linked below is coloured in red to identify the areas of change since December 2009. Handbook - with changes identified - as at June 2010

Handbook - as at June 2010 The Handbook linked below is coloured in red to identify the areas of change since December 2009. Handbook - with changes identified - as at June 2010

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

​ The Terrorism & Crime (Bailiwick of Guernsey) (Amendment) Regulations, 2010

​The Disclosure (Bailiwick of Guernsey) (Amendment) Regulations, 2010

The final version of the Outsourcing Risk Guidance notes for banks is available here:- ​ Outsourcing-Risk-Guidance-Note-for-Banks.pdf

The Ex-gratia Payment Scheme The Rt Hon Sir John Chadwick has been asked by the Government to provide advice on the extent of relative losses suffered by Equitable Life policyholders and the proportion of these losses which can be apportioned to (a) the maladministration accepted by the Government and (b) the actions of Equitable Life and its advisers. He was also asked to advise on which classes...

DRAFT-Outsourcing-Risk-Guidance-Note-for-Banks.pdf