News

All at the Guernsey Financial Services Commission wish to convey our sincere condolences and deep sympathy to His Majesty The King and the Royal Family, following the death of Her Majesty Queen Elizabeth II. The thoughts and prayers of the Commission are with the Royal Family as they grieve for a beloved Mother, Grandmother and Great-Grandmother. Her Majesty driven by faith and propelled by duty...

The Commission has become aware of a possible phishing attempt being sent to some of its licensees purporting to be from the Commission. If you have received an email from the Commission and you are unsure of its authenticity, please do not click on any links or attachments and instead forward it to [email protected]. The Commission sends its emails from the domain ending “gfsc.gg” and the email...

Following the recent publication of two consultation papers in relation to PII requirements for Investment, Fiduciary and Insurance sectors , when interested parties were offered an opportunity to provide fatal flaws comments on the amendments of the Fiduciary Rules, the Capital Adequacy Rules, the Insurance Managers Rules and the Insurance Intermediaries Rules, feedback was received from three...

Please be advised that: International Gateways Group of Companies Limited Sky One Construction Company Ltd Star Sapphire Group of Companies have been designated under the Myanmar (EU Exit) Regulations 2021 (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 as amended...

Following the recent publication of its Consultation Paper, setting out the draft Rules and approach for regulating the sectors covered by The Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022, the Commission will be hosting a series of meetings with the various sectors which will be affected by the legislation. The Commission will hold the meetings at its offices on Glategny Esplanade...

Please be advised that the following individuals have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations); Didier CASIMIRO Zeljko RUNJE The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey)...

Please be reminded that specific discretionary exemptions granted after 1 October 2019 were given a three year expiry date, in accordance with the Notice published on the Commission’s website on 1 October 2019. The relevant expiry date is detailed on each discretionary exemption letter granted thereafter. Discretionary exemptions granted or renewed after this date will begin to expire from October...

Please be advised that the following individuals and entity have been designated under the Syria (Sanctions) (EU Exit) Regulations 2019 (the UK regulations): Saleh AL ABDULLAH Nasser Deeb DEEB Ahmad Khalil KHALIL Issam SHAMMOUT SANAD PROTECTION AND SECURITY SERVICES The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...

Please be advised that 41 individuals and 1 entity have been designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (the UK regulations). The names of these individuals and entities are available here: Notice_Russia_260722.pdf (publishing.service.gov.uk) The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey)...