Consultation on ‘six directorship’ exemption for directors
The Policy & Resources Committee has today published a Consultation Paper seeking views on a proposed change to the requirements which affect some individuals acting as company directors, by way...
View ArticleConsultation Paper - Director Exemption
The Commission has today published a Consultation Paper on proposals to make new regulations providing for the exemption from licensing under The Regulation of Fiduciaries, Administration Businesses...
View ArticleGuernsey Financial Services Commission at COP15 to discuss how private...
On Tuesday 13 December, William Mason, Director General of the Guernsey Financial Services Commission spoke as part of a Canadian-led panel on “Business investing for biodiversity and climate...
View ArticleCrescendo Advisors International Limited, Mr Hamish Jebb Hamilton Few
The Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 (“the Enforcement Powers Law”) The Protection of Investors (Bailiwick of Guernsey) Law, 1987 and the Protection...
View ArticleGFG Limited (in voluntary liquidation)
On 16 November 2022, the Commission imposed a discretionary financial penalty of £280,000 on GFG Limited (in voluntary liquidation). This sanction was imposed as a result of the firm’s failure to...
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The Commission updates its Natural Capital Fund framework to reflect...
In September 2022, the Guernsey Financial Services Commission launched its Natural Capital Fund framework, as part of the growing Guernsey Sustainable Funds Regime. In December 2022, at COP 15,...
View ArticleTwo-factor authentication (‘2FA’)
Further to the announcement in our 2021 Annual Report advising of our intention to implement mandatory two-factor authentication (‘2FA’) on our Online Portals for all our regulated entities, we have...
View ArticleExemptions from licensing – personal directorships
On 5 June 2023, the Regulation of Fiduciaries etc (Bailiwick of Guernsey) (Amendment) Regulations, 2023 were made by the Policy & Resources Committee (the “Committee”). These Regulations, which...
View ArticleUpdate on Exemptions from licensing – personal directorships
Further to the publication of a news article on our website on exemptions from licensing – personal directorships on 12 June, the Commission has updated the news article to provide further...
View ArticleThematic Review of Unclaimed Client Money of Collective Investment Schemes
The Commission has today issued its report on the Thematic Review of Unclaimed Client Money of Collective Investment Schemes (“the Thematic”). The Thematic was undertaken in order to gain a better...
View ArticleExplanatory Note - Surrender of the Authorisation or Registration of...
The Commission has today issued an Explanatory Note regarding the surrender of the authorisation or registration of collective investment schemes. The note clarifies the typical circumstances under...
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