Bailiwick Mind and Management Consultation Paper
7th February 2022
The Guernsey Financial Services Commission has issued today a consultation paper (“CP”) on Bailiwick Mind and Management in relation to the Fiduciary and Investment sectors. The CP sets out proposals to issue guidance under the Fiduciaries Law1 and the PoI Law2 to clarify that maintenance of local mind and management is a relevant factor in the Commission’s assessment of the prudent conduct of...