News

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

Business from Sensitive Sources & Instructions

It has been brought to the Commission’s attention that the above-named entity is operating a web site with an address of www.templarvintners.com. The website includes downloads of articles purporting to have appeared in well known publications. One such article includes an advertisement for The Templar Vintners Fine Wine Fund in which it claims to be authorised by the Commission as a Class B...

​On 22 October 2009 the Guernsey Financial Services Commission decided to make the following public statement in respect of Ms Pippa Marie Harbour: The Financial Services Commission (Bailiwick of Guernsey) Law, 1987 as amended (“the Financial Services Commission Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended (the Protection of Investors Law”) The Banking Supervision...

​ Following industry representation the Guernsey Financial Services Commission has extended the consultation period for the draft Licensees (Capital Adequacy) Rules, 2010 until close of business 8 January 2010. The Commission would particularly welcome worked examples of how the current draft Capital Adequacy Rules would affect licensees. All responses should be sent to the following mailbox...

​ Handbook for Financial Services Businesses Handbook for Prescribed Businesses

​The Commission has written to the managing directors of all Financial Services Businesses today, seeking comments on the proposed changes to Schedule 1 to the Criminal Justice (Proceeds of Crime) (Bailiwick of Guernsey) Law, 1999 ("the 1999 Law"), proposed changes to Schedule 1 to the Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008 ("the 2008 Law")...

​ Handbook for Financial Services Businesses Handbook for Prescribed Businesses