Applicable law
Licences are issued under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc. (Bailiwick of Guernsey) Law, 2020 ("the Law").
Applicants must read the minimum criteria for licensing set out in Schedule 1 to the Law.
Personal fiduciary licence application
The licence application must contain:
Application form and supporting documentation: If the application is being made using the Application portal, the application should be completed and submitted including uploading the supporting documentation where requested as part of the application questions. If the application is in the existing Word format, please scan the fully completed application form signed and dated and supporting documentation, as itemised in the application form, together with an explanatory covering letter scheduling the contents and send electronically to [email protected].
More information on the updated application types on the portal and the Word forms they correspond too, can be accessed via the Commission’s Application forms pages.
Application Form for Personal Fiduciary
Personal Questionnaire (“OPQ”) and Online Appointment ("OA"): OPQs and/or OAs must be submitted through the Online PQ Portal.
Application process
We will assess and review the application and inform the applicant, or its professional advisers, of any matters requiring expansion or clarification. Once all queries have been satisfied, the application will be referred to a decision-maker. A formal response will follow decision-making.
Timeframe
Indicative timeframe
We will advise if the submission is requires further expansion and clarification. We aim to grant or refuse a licence within 28 calendar days of receipt of a fully completed application.
Application quality
The response time may be advanced or substantially delayed depending on the quality of the application.
Written response
We will send a written response detailing any matters that require expansion or clarification to enable the application to be referred to a decision-maker. If the application has been made through the application portal, all responses will be sent inside of the portal.
If we receive no response to these queries within a three-month time period, we reserve the right to archive the application, such that, any future licence application following this period would require a new submission. Applications that remain in draft format, without being submitted, on the application portal will be removed after three months.
Application conclusion
Conditions
Any conditions which may be imposed on the licence will be scheduled in a letter. Conditions will have been discussed with applicants in advance.
Annual fee
Upon licensing, the annual licence fee becomes due, which is reduced pro rata in the first year; an invoice will be sent by email.