Consultation Paper on Amendments to the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as Amended – This consultation paper proposes amendments to the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended (“the POI Law”).

The Commission is seeking comments from interested parties on the proposals in this paper. The proposals outlined in this consultation paper result from the Commission’s experience over the past three years in its regulation of collective investment schemes as regulated products under the POI Law. This has been particularly relevant in cases, which are not currently in the public domain, in which enforcement action may have been considered, and where the lack of appropriate powers as set out below has hindered the Commission’s investigation and consideration of relevant issues.

The proposals, if enacted, will also enable the Commission in some circumstances, potentially to apply sanctions to the directors of schemes instead of to licensees.

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